dchua1969

Still can buy Sunny Optical ?

dchua1969 Updated   
HKEX:2382   SUNNY OPTICAL TECHNOLOGY GROUP
A follower pm me and asked about my opinion on this stock.
My last post was here

Currently, there is much selling on this stock as you can see from the past 4 days of red candles , ie selling.

My conjecture is it should find some support at the 200 price level for a while before it decides to continue the bullish trend or falls some more ,likely to 188.20. I would be keen to accumulate on this price if it does fall to that level.

So, yes, I would not be buying more at this juncture but awaits for it to drop to a more attractive pricing before going in again.

And you are right, wait and wait some more......
Comment:
Let's see the remaining days of the week will help shore up the prices higher or will the shark continue to dominate the selling scene ?
Comment:
i will wait a while more as selling pressure seems intermittent
Comment:
facing resistance at 200
Comment:
higher chance of it revisiting 151
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