Trendlines released some good news last evening after market closed. However carefully studying the chart, there was an avalanche of sellers waiting for dump their shares where the good news was actually for the Big Boys to create a higher price where it reached 0.385 earlier for them to book more profits before we see a lower price in Trendlines.
In fact, I had made some coverage on this counter to be alert of sellers on Tuesday, 2 days back, click and read more on my analysis and you will know why! It doesnt necessarily means good news it will run, it meant good news for Big Boys to create higher price to sell more and make more $. As of now, still the same, be alert of sellers as it's on it's way down!
picture source: http://www.businesstimes.com.sg/companies-markets/trendlines-finds-american-partner-for-israeli-incubator-franchise-bid
http://stockmarketmindgames.blogspot.sg/2015/12/trendlines-more-sellers-0375-with-620.html
Ronald K - Market Psychologist - A Stock Market Opportunist
