Monday, August 1, 2016

Sino Grandness - Fearful Tank

What a powerful sell down in Sino Grandness today!! It just validated what I observed last Tuesday when I gave a bearish Whatsapp alert to all my students. Out entry for shorting was 0.585-0.61 and today the stock tanked to 0.52 low! In just a short 1 week, the stock went into a distribution mode and then followed by a heavy collapsed today!

The risk and reward was there as the cut loss was tight. The down side was even more rewarding when I saw a panic sell down. Study the market depth and you will see why the stock was weak in the morning. In the 5 minute chart, there was more tell tale signs of weakness which all contributed to this sell down we see now. Congrats to everyone who made $$.

Ronald K - Market Psychologist - A Stock Market Opportunist