The key to averaging down is to be patient. Yesterday, someone asked if they should average down today. I said that it would take at least three days in a meaningful correction for the market to find a bottom so probably into the latter part of this week would be a good time to start doing some bargain hunting. I have put up the following charts to provide some guidance on what technical levels investors can look at to start accumulating my “stock picks”.
BH Global Marine – support at S$0.20