Just saw this stock Hon Corp and studied the chart. It was a Singapore firm based stock in Hong Kong and the chart looks beautiful when it fast IPO there but slowly simmered off and tumble. From the PT I saw at the peak and the chp 4, the stock thereafter suffer more selling and then when it touched a temporary demand zone, there wasn't much big players where the stock fell off again. Soon, there was a rebound up. However looking at how the rebound happened, it was a weak one with congestion. Then the big sell down happened and it seemed like every traders/investors went into an exodus mode. As of now, I think it's going to take a long long time to recover which I am not even sure will it ever recover or not. I am not sure what's the news but the chart when the big sold down happened was rally bad enough. Those holding this counter, be careful and I would look to get out instead.
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Ronald K - Market Psychologist - A Stock Market Opportunist
