Tuesday, May 2, 2017

Heeton - Lack of Quality Buyers

As of now, Heeton is lacking of quality support from the buyers. From the market depth, it seemed as though the sellers are dominating and the buyers aren't providing much support to the stock. In the daily chart, there was a long bar breakout which caught many retailers chasing the stock @ around at 0.475-0.50. It's so powerful that everyone was chasing to only now realized that the stock cannot move higher. I am still bearish on Heeton until I see the buyers starting to form. Be alert of your positions if any.

Ronald K - Market Psychologist - A Stock Market Opportunist