Monday, February 28, 2011

Bursa...broke support at 1494 and getting bloodier...

menakutkan!!!...well, wat can i say....this monday morning, bursa has broken support at 1494...and now trading at 1478 pts...u can expect tougher times ahead....for ur info, bursa had massive selling for the past 4 days in a row since 22 februari 2011....today is the 5th day...and looks like another big sale in the making....

...everybody is taken a surprise since regional was up in the previous week closing on friday....in the type of shakeout, even good fundamental stocks have to take some beating....i am not running...i am staying....on the reason that bursa has gone into oversold territory....

but just as a reminder....at current 1478 pts....bursa has broken 100MA support line....and thus the next support is at 1458 pts....and finally 1440 pts at 200MA support line....

...this tough time separates between the boys and the men....i still believe that this tough time will pass on....all the best to everyone...

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