Tuesday, October 25, 2016

SHC Capital Asia - Broken Neck

One of the most popular and highly traded stock today was SHC Capital Asia. In fact, this morning I already saw it's activity when the stock dip back to the 0.155-0.156 region, I hesitated to enter due to the nature of this stock. It's highly controlled and thinly traded. As of now, the 5 min chart revealed that neck line was just broken and hence a massive sell down. I will not accumulate or do investment in this counter because the risk is too high. There are better counters. I am watching one of them closely but the timing to run is still not ripe yet.

Ronald K - Market Psychologist - A Stock Market Opportunist