Tuesday, June 4, 2019

UOL - What to Look Out For

Been watching this property stock UOL for some time as the stock kept suffering selling and it has now reached a demand area which I am not sure if it will turn up from there or not. However I do know one thing, the quality of supply is reducing and it's getting riskier to short this counter. I am looking out for the stock to re test the last low and see if buyers will bite there and move the stock up. Should it start turning up from there, I will take a trade on the long side. This stock has some strong fundamentals but every stock in a down market cannot survive even though the fundamentals are good. It take good market conditions, stories and catalysts for stocks to move.

Ronald K - Market Psychologist - A Stock Market Opportunist