Allied Tech announced a superb good news yesterday where they sold off a 100% stake of Allied Technologies (Suzhou) for $25M. The stock should gap up today with 2 days worth of trading halt.
https://www.theedgesingapore.com/allied-technologies-dispose-entire-100-stake-china-subsidiary-25-mil
Longed on Dec 15th before the halt at 0.069 for 100 lots and today should be selling on good news. The important clue is not the 100 lots but why buy at 0.069 on Dec 15th and then the stock went halt? In the minute chart before the halt, there is Chp 4 and also a mini flush and then there is the 3/4 bottom. The halt is a bonus which came in at the right time for a good news to sell later. Will be locking in profits at 9:04am later.
Ronald K - Market Psychologist - A Stock Market Opportunist
