Tuesday, August 8, 2017

Unusual Group - Chaining Effect

After the sell down in MM2 yesterday, Unusual Group was not sparred. The stock followed the parent company with sellers looking to get out of their long holdings. I am not sure what's the bad news but looking at all the breakouts and how the BBs unloaded at the breakout without more buying follow through, the stock can only be down. See the attached Unusual Group chart, see all the green long bar breakouts and see that everytime if broke out, the next 1-2 days, the stock started to tank. Hence, never buy at breakouts but instead SELL on breakouts! My short term prediction for Unusual Group is that it will reach a low of 0.43. Let's see.

Ronald K - Market Psychologist - A Stock Market Opportunist