woah, 1.37 now, pls note construction & property stocks are only catching up as these counters underperform for years, this is just the middle of the journey
my realistic view is that there is no one counter that will just go north one direction...when it hit some point it will need to rest before resuming uptrend again. I think maybe Sendai is reaching the point for some correction.
having said that, I am still keeping mine till 1.6. Those who have lower risk appetite should think to let go now for profit and enter again at lower. my 2 cents worth.
yesterday saw it maintain at 1.30 for a long time before lunch, but didn't bought it before go up to 1.39....now is keep maintain at 1.34 for a long time, will it go up again? don't know want to enter now or not
price action: - confirmed long-term downtrend, two touches at 1.40 price level, and price has rejected strongly both times. its confirmed strong resistance. unless price moves above 1.40 and closes above on daily and weekly candles, don't even begin to dream of 2.00.
and i still have stock - so i would love to be proved wrong.
if you think this stock is on the way back up, either buy when it closes above 1.40 or at support at 1.09 - 1.10. that is if you must buy sendai (as if they aren't any other better counters to buy).
man i seriously hope you are right. by the way, has anyone else noticed that giant GAP in price on KLCI, after elections. that price-gap needs to close.
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....
sephiroth
14,145 posts
Posted by sephiroth > 2013-05-13 16:18 | Report Abuse
As predicted in my 12.20pm post, 1.35 done, next 1.45 tomorrow