Wednesday, July 15, 2020

Hyphens Pharma - Why It Shot Up With Big Volume?




Hyphens has a nice chart setup. First, there were some cobs and then followed by some ws that the stock wasn't moving while the rest of the medical stocks were running crazily. As the days passed by, Hyphens just continued to experienced no sellers and soon, there were 2 days of breakout where the stock was under some serious buying. That were the 2 days to start taking notice of this stock and soon later it went through another long drought before finally taking off and started to soar. The buyers became strong and the sellers quickly backed out.


The big players and heavy surged in volume continued to drive the stock upwards yesterday and soon, it gap up today with so much strength used up. From the chart wise, it's time to lock in $$ while it's time to rotate to another stock. Most medical stocks are in play and many of them performed with rising price in the Top 30 Volume as you can see, but seriously, I am taking profits off the table now and moving on to something else.

Ronald K - Market Psychologist - A Stock Market Opportunist