Monday, May 9, 2016

Yuuzoo - Good News, Good Stock?

Yuuzoo recently announced that it has a higher net profit for Q1 and hence the stock gap up. However every time the stock gap up, it was met with sellers and depressing prices. I am not sure if this time round the gap up is for real but it's definitely not the stock I would be touching for the short to mid term. Why? Because the sellers were persistent and I only love stocks that follow that path of least resistance. There are too many obstacles and resistances in this counter. Rotate to another stock.

Ronald K - Market Psychologist - A Stock Market Opportunist