A powerful property stock ran today. After Vicplas had it's one day 47% gain, Aspen looked like it's following the trend and looking to follow another stellar performance. In the 5 minute chart, I saw some BBs buying while in the daily chart, there was some kind of long accumulation for the stock for higher prices to come. Today it recorded 44% high where after opening, the buyers just took whatever price and move the stock higher. Volume is also swelling and the buyers just followed the glove maker wave of rising prices. My trader friend is really sharp as he alerted me about Aspen in the morning BEFORE the market opened. This is a hallmark of a great trader as most of my traders can smell blood before actually seeing the blood. Good job~
Update: 24/8/2020, 9.47am
Aspen went crazy as the stock shot up even higher to 73% in 45 minutes where more buyers flocked in to whack up the shares. Vicplas went into circuit breaker where the prices rampant up too much! The catalyst news could be this news released on Aug 13.
https://www.theedgemarkets.com/article/property-developer-aspen-teams-chua-ma-yu-rubber-glove-venture
Ronald K -
Market Psychologist -
A Stock Market Opportunist
