Monday, December 12, 2016

Genting SP - Shorted 200 Lots

Genting SP after all that good news recently decided that sellers will take control and command over buyers. In the 5 minute chart, there was 2 areas of sellers while in the daily chart, it was dead obvious that the stock started to break down with huge amount of sellers wanting to lock in profits after a steep rise. Shorted 200 lots but not at the best price. Genting SP went to a low of 0.945 today and hit my short term target level. Will have to see tomorrow.

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Ronald K - Market Psychologist - A Stock Market Opportunist