Text me if you have any questions/comments for me.
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SHL
- Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Since then, the stock did not recover to around 43 levels
- Instead, the stock closed below the mid-term support last Friday
- In last night’s livestream, I shared that I was still holding the stock and I’m going to risk some of my unrealised gains to see if the stock is capable of an immediate recovery
- Today, it closed above the mid-term resistance by the skin of its teeth
- I’m still concerned by the lack of buying volume returning -> an important criteria that can drive a strong rebound
- A successful rebound will be at 42.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
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SHL
- Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Since then, the stock did not recover to around 43 levels
- Instead, the stock closed below the mid-term support last Friday
- In last night’s livestream, I shared that I was still holding the stock and I’m going to risk some of my unrealised gains to see if the stock is capable of an immediate recovery
- Today, it closed above the mid-term resistance by the skin of its teeth
- I’m still concerned by the lack of buying volume returning -> an important criteria that can drive a strong rebound
- A successful rebound will be at 42.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs