Tuesday, October 9, 2018

DBS - Triggered Cut Loss

DBS just triggered the cut loss point. The stock kept dipping down while the buyers gave way and the stock started to lost support and drip slowly. At one glance in the 5 minute chart, it looked like it touched the support zone but the market turned quite bearish and most blue chips started to sell down and hence DBS followed too. Cut loss and moved on to the next stock.

On another note, Thomson Medical just bucked the whole down trend and moved higher. Just when I thought it's coming down, it reversed and move up instead with slow buyers. I am happy that my student locked in profits for his 50 lots with $250 profit.

Ronald K - Market Psychologist - A Stock Market Opportunist