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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Posted by Bursa Master > 2015-07-31 01:23 | Report Abuse
NIHSIN (7215) NIHSIN has been trading above its upward sloping 20-Day Moving Average which is a good sign. However, we have to be careful as the recent price action broke the support level of 0.31. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of NIHSIN was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.