Likely to see further weakness and may likely see further selling down pressure.
it may go down to test 1.60 then 1.54 & 1.40 level.
Pls dyodd.
11th March 2019
I look at the chart it seems that it has overrun and is due for a retracement any moment!
It has runned up from 99 cents to a high of 1.72. went up too fast and too much at a short span of 10+ days .
The chart patterns looks like a parabolic situation and foresee anytime it
may fail, the selling down pressure might be at a greater speed . CCI is super overbought, a correction is likely to happen .
The similar situation has just been played out on SGX counter which saw it's share price falling from 8.05 to close at 7.47 today .
Not a call to buy or sell. Pls dyodd.
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