Wednesday, April 20, 2016

Parkson Retail - Read This to Know Retracement

The sellers were in and the major sellers weren't allowing any buyers to push the stock price up. After unloading @ 0.225 near the high, the stock met with a block of resistance without any form of real buying. It was at 0.23 / 0.235 that the hidden sellers were hiding there and because at that point of time, nobody knew that there was hidden selling there, 1 more pip drop to
0.225 / 0.23 gave a clue and concluded that the Big Boys were looking to lock in $$. As of today, the stock suffered even more sellers with the price hitting a low of 0.205. I am monitoring it closely for some fast quick contra trade. Anyone wants to join me?

Ronald K - Market Psychologist - A Stock Market Opportunist