_MK_Watcher_
:
Not only this counter, a lot of other similar counters as well... Since yesterday, the sellers has been outnumbering the buyers by a great percentage that causes this fall. Sellers are exiting from here and pumping fund to elsewhere that is more rewarding (at a shorter time). This might be continuing for a few sessions. These could be windows of opportunities for progressive entries.
Money Lai
_MK_Watcher_
:
Perhaps profit taking is happening and funds are being diverted to China stocks since there seems to be a 20% to 25% stamina left for the bull run there
_MK_Watcher_
:
(20241008) Let's see how the markets react in the coming sessions. Foreseeing the market will be entering a 'directionless' period very soon, as of the next wave of uncertainty when closer to PE (5th November), which is just about 4 weeks from now. Also the next Fed meet after that. For this counter, 292 could be the immediate support.
_MK_Watcher_ : Not only this counter, a lot of other similar counters as well... Since yesterday, the sellers has been outnumbering the buyers by a great percentage that causes this fall. Sellers are exiting from here and pumping fund to elsewhere that is more rewarding (at a shorter time). This might be continuing for a few sessions. These could be windows of opportunities for progressive entries.
Money Lai _MK_Watcher_ : Perhaps profit taking is happening and funds are being diverted to China stocks since there seems to be a 20% to 25% stamina left for the bull run there
103680587 : Sell on news. China stimulus hype is over
_MK_Watcher_ : (20241008) Let's see how the markets react in the coming sessions. Foreseeing the market will be entering a 'directionless' period very soon, as of the next wave of uncertainty when closer to PE (5th November), which is just about 4 weeks from now. Also the next Fed meet after that.
For this counter, 292 could be the immediate support.