This is a not bad of a trade just that the timing was a little off. My student longed 200 lots of Singapore O&G last month and the stock broke out to a high of 0.52 yesterday with high volume as shown on the chart above. It meant that the big buyers came in to support the price and give it a lift as they believe the price can trend higher. Singapore O&G is not an easy stock to trade but a good stock for investment. I was watching this counter yesterday and suddenly out of no where, the buyers just flocked in while the sellers just diminished greatly. I will be watching this counter later when market opens.
Ronald K - Market Psychologist - A Stock Market Opportunist
