Thursday, August 2, 2012

Genting SP - Timing


After a gratuitous liquidation in prices, Genting SP looks healthy at the moment with BBs supporting the price. Actually Genting SP already had a breakout in price on 30th July, however I believe the breakout doesn't stop here and there might be more to come. Now with so much bullish setups I see from the chart, the next thematic move is to time my entry for the second leg breakout. It might occur today, tomorrow or even next week, I don't know. I will watch for the BBs readiness to move this stock and time my entry as close as possible to them.

Ronald K - Market Psychologist - The Big Speculator