After giving my bearish outlook in Yzj Shipping last Thursday on November 23rd, the stock tanked heavily this week and looks like sellers were overpowering the buyers big time.
http://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-looks-bearish.html
As the stock kept tanking, I saw that it reached a critical demand zone and posted on my blog to cover shorts and lock in profits. And the stock rebounded today where it's currently in the Top Volume with rising price.
https://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-tumbling-slowly.html
I received a sell call report earlier in the morning as Technical Analysis called for a sell alert as the stock has reached for a saturated point for selling opportunities but I have already gave a whatsapp sell call alert way before even Yangzijiang broke down and we have made $.
https://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-profits-and-whatsapp.html
I have concluded one thing. Technical Analysis is good but its always one step slower than the Big Boys. In fact, the x in the time and sales was the started of the break down to come as highlighted in my blog post last week and true enough, the moment Yzj broke below 1.64, the stock tanked big time!
https://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-scouting-time-and-sales.html
Will be sharing on how to read the x in the time and sales during my dinner session soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
