Have to warn you, technically, this stock is very bearish. May take a while to break major resistance about $4.26 and $4.40. so could be a long term hold.Reason for me buying is :1) Its one stock which I want in my portfolio for the long term and for diversification.2) It has reach a 52 week low.3) There is another stk that I was looking at ComfortDelgro. But the problem is I still dont know what price to go in !! If u look at the charts Comfort and SPC are natural hedge to each other. if you hold long term both will grow( i hope), in term term, if one rise the other drops so its ok … My ideas only :DDoes not constitute a recommendation to buy or sell, do ur own reseach. tc
Have to warn you, technically, this stock is very bearish. May take a while to break major resistance about $4.26 and $4.40. so could be a long term hold.Reason for me buying is :1) Its one stock which I want in my portfolio for the long term and for diversification.2) It has reach a 52 week low.3) There is another stk that I was looking at ComfortDelgro. But the problem is I still dont know what price to go in !! If u look at the charts Comfort and SPC are natural hedge to each other. if you hold long term both will grow( i hope), in term term, if one rise the other drops so its ok … My ideas only :DDoes not constitute a recommendation to buy or sell, do ur own reseach. tc