𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐢𝐧 𝐒𝐆 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐒𝐭𝐨𝐜𝐤𝐬! 𝐖𝐡𝐲 𝐚𝐧𝐝 𝐈𝐬 𝐈𝐭 𝐓𝐢𝐦𝐞 𝐭𝐨 𝐁𝐮𝐲?

 

Over the past few days, we have seen some really heavy selling of stocks in the Singapore Medical sector. 😰

 

Mainly the 𝐆𝐋𝐎𝐕𝐄 𝐌𝐀𝐊𝐄𝐑𝐒 that were once finding new highs when Covid-19 hit.

 

We are talking about stocks like 𝐔𝐆𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞, 𝐑𝐢𝐯𝐞𝐫𝐬𝐭𝐨𝐧𝐞 𝐚𝐧𝐝 𝐓𝐨𝐩 𝐆𝐥𝐨𝐯𝐞.

 

It seems like buyers are just not able to hold some of the key supports when Pfizer announced on Monday night a Covid-19 vaccine breakthrough which is 90% effective.

 

Most have sold off by more than 10% - 20%.  😬

 

 

Joey here, Top Tier Remisier and Trader in Phillip Securities.

 

A lot of clients have asked me if it is the right time to start buying again on a discount. 👀

 

I mean prices have tanked by qutie a fair bit and indeed looks quite attractive.

 

𝐒𝐨 𝐢𝐬 𝐢𝐭 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐁𝐮𝐲 𝐨𝐫 𝐒𝐡𝐨𝐮𝐥𝐝 𝐖𝐞 𝐛𝐞 𝐂𝐚𝐮𝐭𝐢𝐨𝐮𝐬?

 

Well. I think you would want to take note of some of these key levels that determines if more downside can happen.

 

Watch this video all the way to the end to find out.  >> https://youtu.be/GO-PAugOXZM