Wednesday, July 26, 2017

Jumbo - A Bearish Whatsapp Call

Gave a bearish Whatsapp alert on Jumbo earlier. The stock was in some serious hidden selling and cannot move even on a good day like today and yesterday. Jumbo had been trending for sometime and had been performing for the past few hours. However given that the last married deal done by Ron Sim with 32 million shares at a high of 0.72-0.73, the stock exudes weakness and started to spiral down with no bad news at all.

In the near term, I am not bullish on Jumbo. I will send more Whatsapp if I spotted something. Stay tune.

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Ronald K - Market Psychologist - A Stock Market Opportunist