Likely to continue to trend lower!
Pls dyodd.
Looks like it could be the start of tech counter being sold down for an overdue major correction as the recent running out could be running out of steam!
If it close more than 600 points and next week continue to fall then it could well be the trend reversal has began and she may likely slide down towards 27000 then 26k.
Watch out for the pivot low of $3.92. Broken down of $3.92 plus high volume that may likely drive the price lower to $3.78 then $3.60 & below.
If it close more than 600 points and next week continue to fall then it could well be the trend reversal has began and she may likely slide down towards 27000 then 26k.
Dividend of 31.8 cents. Yield is 3.66% which is comparable to famous reits like MIT,AR,MLT,PWlife..
If market sentiment pick up then we may see it rises back to retest 9.00 again.
I think Any further weakness may attract some buying interest.
Not a call to buy or sell.
Pls dyodd.
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