Carlsberg Momentum Lost, Monitor for Re-entry Position
First I always look at the chart first, identify which market structure we are in?
Personally, I look at Carlsberg now currently breaking below EMA 20, while hovering around EMA 70, if broken it will head to around MYR 20 area.
Myr 20 area for Carlsberg will be a lower downside risks investment. Currently not suitable for entry while we continue to monitor.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!
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