PropNex (SGX:OYY) still in an uptrend. Currently sitting on +51.20% unrealized gain

I must say that if you are a trend follower like me, PropNex's recent stock price movement would be an apple of your eye. It has the kind of uptrend that would be put into the textbook 101 for illustration The nice uptrend that started in mid of last year has continued until today with little pull back. My system was a bit late to join the bandwagon, given that it needs to 'double confirm' the uptrend (to prevent false trend reversal). I entered at 0.635 in mid Oct 2020 and at current price level, I am stilling on +51.20% of unrealized profit. Those who entered on the first sign of trend reversal would be sitting close to +100% gain.

Based on the chart, the uptrend is still intact. But as usual, there should be some resistance at the $1 psychological level. I feel that it is a bit late to jump in now even though the trend is still intact. But that's me, please do your own due diligence.

PropNex Limited provides real estate services in Singapore and internationally. It operates through five segments: Real Estate Agency Services, Real Estate Project Marketing Services, Administrative Support Services, Property Management Services, and Training Services.

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