Despite the overall market sell down a little, Wing Tai as predicted in the morning @ 9:17am, the stock just moved a little higher to a high of 1.785 from a low of 1.755. While the overall market is lackluster and lacked of movement, property counters like Wing Tai is just resilient at the moment. The stock in the 5 min chart has signs of turning up and indeed it did. However for a bigger move to come, the stock needs to absorbing more selling first before a sustainable and substantial move up is possible. I am expecting some big news coming from the property market soon. Let's see.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
