Down..Da-Da-Da-Down....Da-da-down.....!!!

PHISIX still down....amazing! Lots of counters still falling below their short-long term support levels. MWC was trading at 6.30 last week...with a low of 6.20, but I couldn't believe it that it started to trade at 6.20. This counter is starting to get shaky, Major support is at 6.20, which has been the support since its lowest dip at 5.90. Still waiting if support will hold. As what I've said....DO NOT CHASE a stock!

Good news:
MWC, it is still trading within a symmetrical triangle. At the very least we could still expect something in the future.
For range trading pipol, this would be a great level to enter. Joke nga ni Master Danny abt chinese traders having coffee at Lido: "O bili nah! Bili nah! Mu-lah (mura) na yan, Mu-lah na yan!". But ofcourse, who knows, it still might go lower. =p


Bad news:
Its at the support level 6.20.
MACD is now staring to give a bearish signal.