Osim — A "Waterfall Decline" chart pattern with 5 waves down, Interim TP S$1.56, Next TP S$1.425
Osim had a white marubozu @ S$1.89 (+0.04, +2.2%) with 2.64m shares done on 13 Nov 2014 at 1.55pm.
Immediate support @ S$1.78, immediate resistance @ S$1.92.
John Templeton said “The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"...."It makes sense that when most investors are bullish, asset valuations would be high, because everyone has already bought. The opposite is also true. When most investors are bearish, asset valuations are low, because everyone has already sold."
OSIM Close with a bullish hammer at S$ 1.735(-0.195, 10.1%) with high volume of 14.14 million traded.
As what 胡立揚老師 Said about 缘份 with a particular stock, I have been quite lucky with this counter so far. Again today I bought low and sold at day high and make some pocket money.
Do you think it is advisable to play the rebound tomorrow because of the green hammer? Also the company will likely to do the share buy back at this price as it has been doing that in the last many months and at a higher price.