There is a new IPO stock Wong Fong Ind listed in the exchange today. The stock after opening just suffered a huge sell down and the next thing I know, it is jammed now with no major buyers supporting the price. I am expecting the price to hit some selling zone as depicted above before continued down side. While the whole market is just bearish today, it's good to find some good counters that are weak before taking a trade.
Ronald K - Market Psychologist - A Stock Market Opportunist
