Friday, September 28, 2018

M1 - $2.06 Offer to Privatise

M1 was offered $2.06 to privatize yesterday. I wasn't so interested on the news but rather how did the stock went halt before the news. It was some SA buying first and then slowly the price went up and maintained which soon after M1 went trading halt and then the news was announced yesterday. Click below to see the news.

I was having an event yesterday where I shared how smart money movements was able to detect M1 price movements before it went halt. It was dead obvious in the chart where price was slowly accumulated and then when the news was in the background ready to be released, the stock went halt and stopped trading. Without smart money, there won't be TA and without TA, FA won't kick in. Starhub slowly moved together with the Telco sector while the rest of the market is still bouyant by watching the Top 30 Volume.

Ronald K - Market Psychologist - A Stock Market Opportunist