Thursday, August 25, 2016

SingMedical - Possibly a Fake Breakout

Studying the chart of SingMedical, yesterday the stock could possible experienced a Fake Breakout. In the short term, I expect it to suffer a little more selling before we see a rebound. The stock would not collapse but just selling first before another up move may come. The whole market seemed weak and stocks aren't moving much. There are so many uncertainties right now and I am expecting a big move very soon. However, I am not sure of the direction. It could be up/down and I am not taking my chances.

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Ronald K - Market Psychologist - A Stock Market Opportunist