City Development SG Stock (It can fall further first)

City Development

The smart money must have been dumping these stocks to unsuspecting value investors and technical "trend" traders in the late 2017 and early 2018.

With the latest property curbing news, it had a very big gap down.

I will advise you not to go and buy in as it will be similar to catching falling knives.

It is not a good idea to BUY now.
I see some potential support near $8.80 instead, let wait patiently for the drops to stabilize first and let the price action to show as well.

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Sonic



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Trade closed: target reached:

Expected TP hit.

Thank you!