Does anyone have an idea why this share is on a slippery slope southwards. I used all the clever stuff I learned on a recent OST course and bought in on a clear signal at 8900. It's been doing a Tom Petty and free-falling ever since...? No SENS, no press, FA?
I have been caught in the same boat, trying to catch a falling knife and going against the trend, worst of all is trying to pick the bottom! I know the rules but to apply them, eish!!! Fundamentals are good and well run company so not sure why the market is punishing the share.
Check out PHAR or HEALTH index. They have been in a downward trend since mid Nov. Until sector reverses, expect the slippery slope. I suppose, best is to be patient. Generally, when looking at a share, I also check how the sector is performing as most established shares tend to track their relative index.
two thorts .. just because an entry is spot o following all teh rules does not ensure profit .. that merely increases the probability .. now when in the trade all that matters is the price, and if it goes against you then exit at your stop loss level ..