Wednesday, December 18, 2019

Broadway Ind^ - 10.3% Gap Up






Broadway Ind^ got some query from SGX last evening and they responded with a general answer. Soon earlier at 9am, the stock gap up heavily with a 10.3% up move that prevented many traders from trading. It looked more like profit taking on such a huge gap than buying. Yesterday's up wave was strong on the way up but today's upmove looks exhausted. I think allow the sellers to subside first before looking to long again.

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More Sellers in Broadway Ind^ just kept selling. The stock from +10.3% to now -5.3% is really scary.

Ronald K - Market Psychologist - A Stock Market Opportunist