Reply to @adrian_fx : The downtrend started on 22 Nov, where the news of China probe into the local government spending on infrastructure, which we all see the news on 23 Nov,
Midas on 22 Nov 0.195 and lowest 0.088, which is drop about 55% before RSI(14) reach 12.8 on 8 Dec 2017 hence rebound today.
Sapphire on 22 Nov 0.305 and lowest 0.26 on 8 Dec 2017 with RSI(14) at 25. It is less than 15% drop if you compare to Midas that had the correction due to the same news. Theoretically, some use RSI(14) below 30 as oversold but most will use below 20. Since it is not oversold, there are still room to drop hence today still started to drop buy was buyback by investor later on to close 0.26.
Hope that explained.
I'd no vested interest in both counter but it appear to attract my interest due to recent sell-off.
I know it is very painful to board the train at 0.34 but one need to remain crystal clear in carry out the TA and FA so one can make correct decision to recoup the investment or even making profit.
i rest my case here.
Anyway, if Sapphire found support above 0.25, i'm considering to enter. For Midas, SGX probing, unless it reach PB of 0.6, else, i prob will give it a miss.
Ask all of them to step down if price doesnt recover. Even midas price recovers.
Reply to @adrian_fx : The downtrend started on 22 Nov, where the news of China probe into the local government spending on infrastructure, which we all see the news on 23 Nov,
Midas on 22 Nov 0.195 and lowest 0.088, which is drop about 55% before RSI(14) reach 12.8 on 8 Dec 2017 hence rebound today.
Sapphire on 22 Nov 0.305 and lowest 0.26 on 8 Dec 2017 with RSI(14) at 25. It is less than 15% drop if you compare to Midas that had the correction due to the same news. Theoretically, some use RSI(14) below 30 as oversold but most will use below 20. Since it is not oversold, there are still room to drop hence today still started to drop buy was buyback by investor later on to close 0.26.
Hope that explained.
I'd no vested interest in both counter but it appear to attract my interest due to recent sell-off.
I know it is very painful to board the train at 0.34 but one need to remain crystal clear in carry out the TA and FA so one can make correct decision to recoup the investment or even making profit.
i rest my case here.
Anyway, if Sapphire found support above 0.25, i'm considering to enter. For Midas, SGX probing, unless it reach PB of 0.6, else, i prob will give it a miss.
27, 25 , 20? .. lol.. seems so ..no buying interest. Sellers sell until song song.
Reply to @adrian_fx : 20cts coming true
everyday bleeding blood counter.
Reply to @adrian_fx : ya so is not ur issue. haha