Wednesday, June 13, 2018

Hi-P - Shorted @ 1.31

Shorted Hi-P at 1.31 using the CFD in poems. It's not bad of a short but a risky one since the stock is near the demand area. The Singapore market has been unusually tough and inclined more towards on the selling side even though the overall market is moving up a little. I am not sure what's the reason is but Hi-P was following the big trend on the way down. Not an impressive short but following the big wind never goes wrong. Study the 5 minute chart in Hi-P, it's declining at a fast speed and a better short would be at the gap up but well, making profits is better than nothing making any.

Ronald K - Market Psychologist - A Stock Market Opportunist