The market moved down today with a lot of sellers. I am not sure why did the overall market was up but STI was weak. I believe it has reach a critical supply zone where some absorption needs to take place first. However some stocks are still moving up and negate all the selling. Breadtalk was one of them as it pierced through higher and higher. Yoma yesterday was up higher and today took a small breather. Looking and observing the Top 30 Volume, there are still a lot of hidden gems to be bought during a reaction day like today. Breadtalk was a stock I shared on this blog last week and today it broke out higher when the STI was down -30 points was nothing short of spectacular. The company recently released bad earnings but yet the stock wasn't under any pressure and shot up higher? Does it spell that something is brewing in this stock?
http://stockmarketmindgames.blogspot.com/2019/11/breadtalk-top-volume-pop-out.html
picture source: sgx.com
Update: 19/11/2019, 3:25pm
Breadtalk just shot up higher to 0.66. Some big buyers just came in.
Ronald K - Market Psychologist - A Stock Market Opportunist
