Monday, March 3, 2014

Beng kuang - May Rebound Soon


Ever since I called for booking some profits in Beng Kuang, this counter had been selling all the way and the selling continues till today.

http://stockmarketmindgames.blogspot.sg/2014/02/beng-kuang-book-some-profits.html

http://stockmarketmindgames.blogspot.sg/2014/02/beng-kuang-dropped-to-low-of-0125.html

Today it went to a further low of 0.117 where sellers were in control for the entire day. Very soon, this stock is going to rebound from the region as circled in oval as shown in the screenshot. I need to judge the demand from the rebound how strong the buyers are before I can deduce if the up strength is strong or weak. We shall watch how it trends out. :)

Ronald K - Market Psychologist - The Big Speculator