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Monday, August 16, 2010

Oversold : Property stocks in HKSE


1. SinoLand (code : 0083.hk)


2. SinoLand



3. SinoLand : RSI 26 level, JPMorgan downgraded its target price. It dived today. PE 17+. China property sector having a squeeze as gov trying to prevent a potential bubble. Closed at 13.30 level, strong support at 12.40 level, another 90cents to go ... BUY at support with RSI below 20? Oh yes, this one is not cheap as minimum 2k units = RM12k.
TEH
p/s : This is a huge waterfall - DO NOT buy what I m buying.

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