Wednesday, September 9, 2020

UG Healthcare - Not In Top 30 Volume, Reactions In Check






As blogged and mentioned yesterday that I was waiting for UG Healthcare to suffer reactions first, today it indeed suffer some reactions where the stock started to encounter sellers after that huge gap up yesterday. The buyers were strong but like I also mentioned I want to see how much sellers emerged first before taking a position in this stock. Click on the link below to read.

http://stockmarketmindgames.blogspot.com/2020/09/ug-healthcare-3-bars-strategy.html

So the market was down today because the Dow Jones crashed again last evening. The Top 30 Volume was mostly some pennies including Sembmarine which became a junk stock. The strange thing was UG Healthcare was in the Top 30 Volume yesterday and today it disappeared. I am sure there is something going on in the background now where the stock might have some activity going on. Let the reactions pan out first before taking a final position in this counter. I will be watching the Top 30 Volume for more signals and it's appearance when it started to slowly climb from the bottom again.

Ronald K - Market Psychologist - A Stock Market Opportunist