Tuesday, May 20, 2014
Petdag: Uptrend line broken!
Finally, it happened. Petdag broke its uptrend line. With this breakdown, Petdag's downside could continue. See my earlier report (here).
Chart 2: Petdag's weekly chart as at Feb 6, 2014 (Source: Tradesignum)
Based on high valuation, poorer financial performance & bearish technical outlook, Petdag's rating is now revised from SELL INTO STRENGTH to just SELL.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Petdag.