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As mentioned in my last few days comments the price will only be healthy once profit taking reach between RM4.65 to RM4.70.. which short term line almost touch mid line for stage rebound and RSI have fall below 70..
As long as the trend line are still on upside don't have to worry guys.. or not I will not quote at RM4.60 to add more.. main thing is after big run which KLSE Index that makes up by banks, Genting, GenM and etc have been in overbought since last week which I have mentioned in my Instagram too that profit taking may occurs in early of this week.. as its still not able to closed above hurdle 1686 for minimum 2 days.. so for its to come down before next push will be more easier..
No need next year.. after today drop will be more ready.. normally consolidation takes around 10 to 12 days.. this week done and next week maybe we can see stabilise.. no need so fast de.. maybe they give you good Christmas or before 31st Dec 2020
Current short term trend line seen at RM4.77 while mid term line at RM4.615.. I quote RM4.60 is mainly due to sometime panick selling may touch the price and rebound.. but this morning not able to do so as once touch RM4.61 then rebound. Should its break RM4.60 then only need to worry as long term line seen at RM3.89.. under normal up trend circumstances whenever short term trend line touch mid term line or below will rebound. Check on the instagram you may able to see the trend line price.
That's worse scenario case Uncle Kee... I think RM4.61 should be the lowest if nothing much special that is out of normal control and external especially US and Europe sentiments have been good anyway.
Should monitor next week performance.. today is nothing much since is profit taking days.. if drop much bargain hunting at the end of the day may occurs.
Haiya, pretty common, when they saw their profit went higher before but went downturn temporarily and start worry about profit got lesser, if you are a long term holder just ignore market volatility, simple as that