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A good investor shall be able to benefit even a down trend or up trend stock. If we bought at RM3.94 and sold at RM4.34 indeed is 10% return while not is 2nd opportunity to enter. So eventually we able to buy at same price of RM3.50 or RM3.. still the average price is far lower in comparison. I am in at RM3.84 even yet to enter oversold but is near. Give you all some supports. Cheers
For eg. if you invest 10,000 shares at RM3.94 and sold at RM4.34 earned RM4,000 within 4 days rebound which or equivalent to 10%. Definitely whether is a technical rebound or will down further will have to judge again later.
I don't say it won't drop till RM3.50 or lower Yuron but as said graph are not straight line.. even a down trend stock also will have technical rebound before it drop further once it enter oversold position but I bought not cos it has enter but near so any down side is limited but rebound unless another bad news that out of my normal technical analysis. However, whether it is technical rebound when it back to RM4 then have to see later.
Thanks Eric.. have been focusing on HK and US market recently and just take a look Genting share price which continouos drop for day 4 which near oversold so back give some supports to all our friend here
I only sell if its enter overbought or VCP start to form.. not based my own judgement which may be wrong. Follow the technical indication definitely if SMA long term, short and mid term trend line is heading up no points of selling but Genting is yet. I think I have via my Instragram informed if its not able to cross the technical line will come down below RM4 when the price at RM4.30 range.
Just lend some supports but as informed it yet enter oversold but near.. may have possibility to drop further which I am not advice to follow me enter ya.. trade at our own responsibility and risk.. Happy Investing All..:)
I din go anywhere Uncle Kee, since Malaysia market is temporary subdued due to MCO2, rising Covid cases and political unstability so I focus on investment in HK and US market only.
@Thank you Kyory for your kind support...We all have great confidence in Genting stock, foreigners will also buy eventually as they know its intrinsic value is at RM4.30
