Friday, December 14, 2018

Singpost: Selling to new low after minor consolidation... Price 0.915. Cautious! System?




We have seen some consolidation from 0.95 to 1.00 over the past 3 weeks but it seems that buyers were unable to hold out longer over the past few days…


Some firm selling pressure seen with 0.95 breaking down on Tuesday…


Downtrend still looks intact for now though some short covering expected along the way down…





Targets have been reiterated again recently and we are mid way and may still play out… let’s see…


Yes, the thing is we had some bearish signals on our system too, before the heavy selling started…


There are still no exits for now… PTI grads can check…


Would not want to be holding on long positions for now..


Can still think about riding the downside while protecting profits…


Not sure how?


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