Friday, October 19, 2018

Yzj Shipping - Massacre

Massacre in Yzj. The stock suddenly had a huge big drop without any news or bearish signals. The bearish signals were not strong but the selling after that was very scary. Sellers after sellers and the stock kept experiencing being thrown down. The 5 minute chart is beautiful setup for a short but because signals weren't that strong for shorting, hence it's tough to execute. It seemed as though most blue chips are now being over sold but then again, there is no signals for turning up yet. I think it's now wise to watch vigilant and stay patient first.

Update: 19/10/2018, 5:37pm

Yzj just got sold down so bad today! 14% drop just from a downgrade from JP Morgan.

Ronald K - Market Psychologist - A Stock Market Opportunist