More selling in the property stocks as the market sold down even lower together with STI. See the 5 minute chart for STI, it gap down and tanked down lower. See the 5 minute chart for Propnex, it's the same, it gap down and tanked lower with the overall property stocks like CityDev.
The theme today is property stocks and selling property stocks so stay out of the property counters for now until the timing is golden and the turning point is there. I will not touch anything for now since the market is pretty hard to predict and volatile. Propnex drop another further 21.7% today. So scary!
http://stockmarketmindgames.blogspot.com/2018/07/propnex-lacked-of-buyers.html
Ronald K -
Market Psychologist -
A Stock Market Opportunist
