Monday, November 20, 2017

AsiaPhos - A Stock To Watch

I believe AsiaPhos is a stock worth watching. The stock had been in the Top Volume last week and more importantly, it's currently in play as compared to the previous time. Last Friday, there was a nice breakout while most of the penny stocks did not move much which is something worth observation. There was indication of buying interest and I think a good news or project is in the pipeline.

Upon studying the minute chart, it's even more interesting as the rate of buying was fast and furious but the rate of selling was extremely slow. I am bullish on this counter for now but because there was too many buyers, I am expecting some mini contra squeeze first before AsiaPhos has a chance to trend higher. Watching closely.

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Ronald K - Market Psychologist - A Stock Market Opportunist