Thursday, July 7, 2016

Jumbo - Market Depth on Buyers

Jumbo just ran after my Tuesday post on the weak retailers selling. The Big Fish came in earlier and the stock just shot up as shown in the 5 min chart. As per my study of the market depth on Tuesday, I shared that it revealed plethora information of the turning point and indeed today it turned up.

The market depth today seemed to be more sellers instead. I believe this breakout could be fake in the very short term. Congrats to those who went long.

Ronald K - Market Psychologist - A Stock Market Opportunist