Monday, February 20, 2017

800 Super - A Growth Stock


800 Super's chart looks beautiful. It was a growth stock in the past and the stock did not collapse or suffered much selling even though STI was having some correction back then. However as of last Friday, the stock had climbed too much and reached a saturated point where the sellers may soon to be emerging. I am very cautious of going long now and look more on the profit taking side. There are better stocks for growth and I would stay out in this counter for now since the sellers are building energy.

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Ronald K - Market Psychologist - A Stock Market Opportunist