Friday, August 5, 2016

SingMedical - Accumulation and Rose

The chart for SingMedical is just so beautiful setup. With a strong and long accumulation followed by the superb and steriody breakout, it caught my attention off guard until I managed to see the rising price in the Top Volume. I went on to check if there is any news released and saw that there was a turn around of net profits for the company. Looking at how the stock rose so much these 3 days, it just tells me that it turn a little bearish now. I will not look to short but an entry point on the next turning point.

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