Friday, May 4, 2018

UOB - Gap Down

I was wondering what happened to the market earlier just now as I thought a rebound would happen today since there was some strength in the market. Suddenly after market opened, UOB gap down and very soon after, DBS and OCBC started to follow with selling and now the whole market went red again. I am not sure why but looking it at, it could be reaching the supply zone which could be the reason. The banks dragged the whole market down and while many stocks wanted to run, I think it needs more time first before a rebound is possible. Who knows later or maybe in the noon after lunch?

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Ronald K - Market Psychologist - A Stock Market Opportunist