Risk Trader, but your prediction was wrong. Its really broken 0.20 but rebound. Analyze too much makes you confuse haha! Now a day market is very uncertain. I am not expert too.
Upside may be capped. With reference to the Technical Note published on 1 June 2018, GSB has had a good run. However, the price movement is currently showing sign of being overbought and a cool down might be needed. Yesterday, RSI readings displayed a high of 70.8 and the doji candlestick formation signified indecision between bull and bear. Hence, position is recommended to be sold in order to lock in the profit. Should support level of RM0.220 be broken, it may continue to drive price lower to subsequent support level of RM0.200. Note that the potential halt in uptrend presents an opportunity for profit taking instead of intraday short selling.
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....
calvintaneng
56,868 posts
Posted by calvintaneng > 2018-06-12 19:21 |
Post removed.Why?