Friday, June 30, 2017

GKE - Staggering Queues

Monitoring and watching the queues for GKE. It's highly tricky and hard to trade. At one point I saw millions of shares stacked at the buy queue which was then it was removed, followed by small lots sell down as shown in the minute chart. Another point, I saw the buy queue then replenished and stacked back with heavy volume. This stock is not bad and the buying behavior is pretty bullish. Although tricky, still I think a big news is in the pipeline.

Update: 30/6/2017, 5:47pm

The market closed and GKE closed strong at 0.176/0.177. There were buying and selling along the way from the time I posted to the closing. There was a huge wall at 0.178 which was real with 2.2 million shares stacked which signals to the buyers not to buy there. This stock is heavily marked and equipped with 1 lot marking and to know what's going on, one must study the time and sales carefully for clues. See what happens on Monday.

Ronald K - Market Psychologist - A Stock Market Opportunist