SET : Looks too good be to be true
February 17, 2011 2 Comments
As is often the case, the SET’s rebound this week after the very trustable morning doji star formation created late last week has seen gaps all over the place, and is very similar to the rebound moves on the Index seen on the day chart 3 times since November 2010. This time however volume remains too light in our view, and a spot of profit taking seems very likely later today or early next week. Buying at this stage is too late in our opinion, and indeed taking profit is our call.