Thursday, October 13, 2005

StatSCHP (S24), too tempting not to buy !!


TA : RSI and Stochastic (not in chart) bad. CMF with bear in control and MFI showing seller's interest in selling. ROC & momentum are moving down very quicky indicating downside with large price movement anticipated. Fundamentally, no good news on the chip sector yet. All these tell a story of "to enter now means catching a falling knife".

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