SPH - Umbrage off Media Business

SPH technical umbrage:

1. Spike up on 20 Nov 2020 after news of strategic review was announce..

2. Spike again on Feb 26 2021 after news reported of its investment in Korea eCommerce.

3. Reported better profits on Mar 31 2021.

4. Uptrend reaches an all time high on April 16 2021.

5.  Total time of uptrend was 5 months.

6.  Suddenly bears appear on 19 April 2021 - Smart Monies know something.

7. 6 May 2021, SPH halted its shares and announcement was publish to the public that it will spin off its Media business at a steep discount.

8. 7 May 2021, SPH was gap down after spinning off media business.  Investors are feeling umbrage over the decision.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.