Acromec - Another Deep Plunged

Another deep plunge in Acromec in the 5 minute chart. The stock reminisce what happened on Dec 20th, 2016. The buyers were pretty tired at the top and hence the sellers took control. This stock always had this behavior after a steep rise. I suggest stay out and rotate to other counters better.



Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Scary Market Depth

The market depth for Acromec looked scary. Why? Because it seemed as though the buyers were not supporting while the sell queue will be increasing the moment any buying takes place. One day after the scary sell down, it seemed that the buyers also lost confidence because there are many stale bulls up there waiting to either cut loss or to throw down even further due to the high price they purchased. In the meantime, stay out of this stock.

http://stockmarketmindgames.blogspot.sg/2016/12/acromec-major-selling.html

Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Major Selling

Acromec had a major selling today. The price just suddenly tumbled at a fast speed which then cause a circuit breaker earlier. I am not sure that was the news that drove the share price down but there was a good news on acquisition when the price was up. Studying the chart, it revealed that the buyers were pretty fatigue at the peak and there's where sellers took advantage of it and lock in profits. Let's see how it trends out.

Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Burst of Strength, Hot Stock

Acromec had a sudden burst of strength where there were willing buyers to absorb the stock at 0.52 which I am very alert of. The stock had run up almost 13% today where ti reached a high of 0.54 now and there seemed to have no sellers. When there is no sellers willing to let go, it means buyers are strong. But when the sellers emerged, one has to see how much sellers were there before deciding if the stock can run up further. The demand is strong now, I haven't seen supply, so let's wait and see if any later or tomorrow.

http://stockmarketmindgames.blogspot.sg/2016/12/acromec-hot-stock-alert.html



Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Hot Stock Alert

Acromec just kept rising on some acquisition news. However there was one detrimental day whihc was Oct 31st where the company reported some profit guidance and the stock dropped a heavy 29% in one single day! As of now, Acromec is reaching that supply zone where the heavy dropped first happened which I believe sellers and stale bulls who bought up there are looking to cut loss/take profits and hence I am staying out.

The chart has heavy profit taking back in the September period, combined with that lack of buyers thereafter, it's only wise a drop would happen. At the bottom, the COB with the weak selling combined with that small mini collections in the minute chart as attached above, the stock was then on the rise. This was a good stock to trade and one should look for the next opportunity. Will share more on my workshop next week when I reveal more of such opportunities in the market.



Update 7/12/2016, 12.27pm

Acromec shot up further with 3 more pips to a high of 0.525. More importantly, after my initial blog post above, the stock appeared in the Top Volume now!

Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - A Stock to Watch with Market Depth

Studying the chart for Acromec, the stock look so bullish that it was able to rise in this downtrend of the overall market. The market sentiment looks bad but this counter looks bullish with a easy to read market depth which was crucial to spotting the up wave. See the circled area where the sellers are. I believe during those bars, the buy/sell Q flipped where the stock experienced some selling but infact it was more buying than selling. This was followed by some weak selling and there after, the stock just float and rose higher. I am really into studying buy/sell Q these days as it provides first hand info before stock about to trend up/down.



Update: 5/8/2016, 9:38pm

Acromec just continued it's small uprise. See the min chart and see the buyers there.

Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Rising Price

Some rising price activities seen in Acromec. The stock slowly float towards 0.485. What I saw at the pre open and what I blogged before the market opened based on my observation is correct.

http://stockmarketmindgames.blogspot.sg/2016/05/acromec-what-i-saw.html



Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - What I Saw

It was amazing to see such an IPO stock running at the last hour of trading yesterday. There was some last minute shoppers who whacked up the price and caused an up heave of rising price. Looking at the chart, there was a surge of strong buyers, but the question is will this streak continues? I am putting this counter in my watchlist for now.



Update 19/5/2016, 9:11am

Acromec in Top Volume. Some BBs are playing it!

Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - The New IPO Stock

Acromec is a new IPO stock for trading these 2 days. Normally for IPO stock, it's quite hard to buy because there is no data history but for this stock, studying the min chart, there are tell tale signs of turning point when it trended higher in the morning. As of now, I expect the stock to suffer reactions to meet with sellers first. I will hop it at the right time again.

Ronald K - Market Psychologist - A Stock Market Opportunist