StatChipPac (S24) - The Ugly Stock That I Love to Buy!

All indicators are bad. You name it: RSI, Stochastic,William’s R%, Acc/Distrn, OBV, ROC & etc. ADX and D-v up in concert, showing downtrend and still going down. MACD –ve crossed and dropping. Also a bearish inverted head and shoulder was formed. Then what is the rational to buy now?
I like the oversold condition. This is confirmed by the CCI (3)-195. Further, everyone know that buying stock that is oversold reduces downside risk You can notice the Gap(1) down today kissed the lower end of the Bollinger Band, which normally acted as a support.. Actually when stock dipped on very heavy volume it is dangerously bearish omen. But the open interest today also interested me. We know that the open was 1.03 and closed at 1.05. That cannot be bearish!  To me, today's selling with high price down was overreacting. Fundamentally, news of Placement could be the cause. As if in agreement with my hunch, Morgan Stanley is calling a Buy with TP of 1.35. This is not to say that  I believe Analyst report but its report surely influences the short term emotion of Singapore Trader. So, this got to be factored in, especially short term wise. To conclude, I’m not apprehensive about buying this stock against the trend and the principle of TA as from experience the “low hanging fruit” must be plucked by the “early bird” with gut. You may have interest in previous Posting on 30 Dec 2005
P/s AlreaDy got wind that Result to be reported on the 26 Jan is good!