no need so fast to get in. tmr go back 71-71.5c then drop below 70c. morning up afternoon drop. tmr sure break 70c. or may be later. the buy q is to lure in retailers. for sure want to drop further.
from my point of view, this is solely panic selling... if director or any substantial shareholder sell off their share.. it will be showing in the insider trading news.. however, there is no any transaction from director/ substantial shareholder... again, based on Fundamental analysis, the company performance is good, those holding, dont be panic. Those are planning to enter. just wait for confirmation candles. bear in mind feeling greed when ppl are fear... do you feel fear? then u should know what to do...
Yesterday's trends analysis showed that there isn't much change of bankers ratio, which is still below 50%, while outflow funds still ongoing, which was much attributed to heavy sell-off by retailers for last 2 days. The short rebound in price yesterday was due to the presence of buying support from bankers within the stock. I think going by this trends, outflow funds may still last until next week, so do expect some bumpy ride of price movement.
Bankers need more retailers to come in to fetch the price go up. until 85 it stopped? Bankers tired waiting or they play you psychologically. Throw the price to take profit. Waiting to fish bottom. don't be stupid lah people. OCNCASH will go main board . Then when u chase , u buy at higher price! Tupidddddd
Yesterday's trends analysis seemed to suggest that the stock is in oversold territory. There may be a rebound on the horizon once there are inflows funds into the stock in this couple of days. Let's revisit the trends after end of today's market.
Trends analysis showed ongoing high ratio sell-off by retailers, while bankers ratio maintained at lowly 25%. I believe bankers managed to spook the retailer into sell-off, whilst collecting at lower prices. If the prices do hold well in this few days, I hope there will be a rebound soon.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
babypost85
365 posts
Posted by babypost85 > 2017-07-26 10:59 | Report Abuse
68 cents?