Friday, October 25, 2019

BreadTalk - Long Term Downtrend




Breadtalk had been trending down for a year plus since it's peak price. From the chart, after a steep rise with some good news released, normally, a stock would then suffer profit taking and prolonged for a long term selling. That's the case in Breadtalk now and looking at the chart now, it looked like it hit an attractive level and also the appearance in the Top 30 Volume gave some clues out. This counter now had some panic selling past few days and I am watching closely for buyers to save this stock. I am not sure when, but my job is to see when the turning point comes.

Ronald K - Market Psychologist - A Stock Market Opportunist