Tuesday, November 14, 2017

Cosco - Sellers Out

Cosco, as per my bearish blog post at 12:56pm, warning of a short term selling is indeed happening now!


I even went the extra mile to share about the risk of going long earlier at 0.585 and explained why the gap up today was so detrimental which made it even worse to buy today. Shortly after 1 hour, Cosco suffered some heavy selling and the price is now 0.55. And because the stock contains a lot of sellers now, the selling pressure was so strong till it tumbled to a low of 0.535 1 min ago. I don't think it's good to buy yet as the knife haven't touched the floor. Will be watching closely for the turn.

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Ronald K - Market Psychologist - A Stock Market Opportunist