Thursday, May 23, 2013

OCBC - The Orchestrated Selling?


Looking at OCBC chart, there is a lot of artificial buy up to pump the stock price to an attractive level so that the public buys on rising price but the BBs would look to distribute and unload slowly. I believe this whole pumped up was orchestrated where the public unknowingly get excited about new highs where the stock was breaking boundaries and barriers which exude strength to only realize that the fireworks and the
mellifluous candy would later turn sour. Be on high alert for those who are holding on to OCBC. I am bearish.

Ronald K - Market Psychologist - The Big Speculator