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For those of you who are beginning to wonder if the decline will ever stop, remember I said that every lower support becomes stronger in a situation where pullbacks happen on lower volume. MFI took a sharp dip today into oversold territory even as the MACD has a buy signal, the first in more than 2 weeks.
Remember that TA shows where the supports and resistance levels are. It does not mean that those levels would be reached. For anyone who wants to go long here, it might be a good idea to hedge at 13.5c instead of waiting for 13c to be hit, which might or might not happen. Remember, this is a hedge, there is still a chance that 13c might be reached.
Healthway Medical: Breaking an important support.
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6 comments:
Valid acceptance (1) 266,701,741 97.1%
Excess applications 221,988,686 80.9%
Total 488,690,427 178.0%
tts a gd number but will ppl start selling off 0n the 22nd or 23rd?
Hi CL,
Everyone wants to buy cheap shares. Not surprising. A friend of mine applied for 1 million excess rights! Yup.
These shares will start trading on 23 Feb.
I tried bidding for 13.5cents but could not get ....... there must be many people que infront
CHAN .....
Hi Chan,
I can imagine many people ready to enter their buy orders and clicking their mouse buttons as the clock turns 5.15pm! Try and try again, I guess. Of course, we can consider putting in a hedge to buy some at 14c too but I'm somewhat unwilling to do so.
AK 71,
Happy Lunar New Year to you and your family.
Kingston
Hi Kingston,
Gong Xi Fa Cai to you and your loved ones. :)
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