Due to false breakout. It attracts a lot of people buy breakout 1.50 but next day start to turn down. Just like Scomi. Only experience investors know whether it is true or false breakout. Global market so bad, still want to break 1.50?
By right, 1.38 is the strong support so let us see how is tomorrow trend. It may stay above 1.38 if the support is strong enough or else it may further dip to 1.30 that is the next which is also the 62% retracement from its previous swing L to H. It wont fall below 1.30. Personal opinion only.
I agreed with 伟汉 & tq for reminding me. I forgot to check its history. It shot up above 1.50-1.59 5 times for few trading days each but they all couldnt sustain the coldness as above 1.60 is too high for this counter, so they fell. Same as this time. It could be fakse breakout & we are all trapped...
Better enjoying watching man of steel tomorrow...nag enjoying a class of starbuck coffe...more save money that buying stock market tomorrow.....take a rest...clear mind n enjoying massage....
The problem is whether people dare to go in at 1.38 many waiting at lower then this. Will it go below that or it will go up from here. Let do some analysis and own judgement. For those who not holding any Benalec stock of course they hope go down further so that they can accumulate. For those who has the stock already regardless of their average price they wish it go up :-)
today should go up and hold. than Monday see US Friday performance, if the result is good, still can hold until one day US performance turn red or the benalec price hit RM 1.5xx ..than i will sell on sell on strength. haha, this is my plan.
don't worry, the trend will up, just like redtone..buying at 1.37 or 1.38 is minimum down but maximum up for today. Just let the money run. big player still waiting for the right time to sapu today.
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cyclist
158 posts
Posted by cyclist > 2013-06-13 14:17 | Report Abuse
sell & buybackma, contra lor