Friday, April 7, 2017

GKE - Fake Breakout, Scary ThrowDown

Suddenly the whole market shifted gear and suffered some scary throw down. Most penny stocks including some blue chips were not sparred. I was especially focus on GKE since we made $$. Looking at the time and sales, there was a fake breakout where there was a lot of last minute chasers buying the stock in the morning at 0.188-0.190 with millions of shares to only realized that the stock within a few minutes tanked all the way down to 0.183 as highlighted in the minute chart drawn. Scary, I am staying out.

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Ronald K - Market Psychologist - A Stock Market Opportunist