New Silkroutes - Bullish Setup

The setup for New Silkroutes looks bullish from the chart. The contra squeeze seems to be real and the stale bulls who mostly longed quite high up are either hold or have already cut loss. The stock seems to stabilize now but looking at it, it seemed as though some good news is waiting to be released for the company. In the short term, it might reach between 0.48-0.50. Watching it. Do note that it's an illiquid stock and the move might be slow. Timing to go long is important for this counter.

Ronald K - Market Psychologist - A Stock Market Opportunist

New Silk Routes - Trade Records

Happy to see profitable trades on New Silk Routes. Congrats everyone who took action. The stock has some profit taking in the 5 minute chart now and it looks like distribution maybe happening. However, I see other stocks for better rotation for intraday trading than playing this counter now. Shifting to another counter.



Ronald K - Market Psychologist - A Stock Market Opportunist

New Silk Routes - Burst of Speed and Volume

The buyers for New Silk Routes just came in with sheer speed and volume. The price rose effectively and the stock is now in the hands of the strong buyers. See my bullish post earlier.

http://stockmarketmindgames.blogspot.sg/2017/01/new-silk-routes-looks-bullish.html



Ronald K - Market Psychologist - A Stock Market Opportunist

New Silk Routes - Looks Bullish

New Silk Routes looks like it's starting to breakout. For now in the very short term, I expect some absorption of the selling first before it's able to move higher again. The market depth looks healthy but never chase. Look for nice turning points is the clue. The stock will be breaking out higher soon I believe. Watch it!

Ronald K - Market Psychologist - A Stock Market Opportunist

New Silkroutes - A Good Stock to Trade

New Silkroutes looks like a good and easy stock to trade. For the past 3 days, the stock had been trending upwards and the buying seemed to be smooth without much obstruction. This is what I love about this counter where it trends higher with least resistance and lesser barriers. See the 2 circled area where I drew the easy of movement. New Silkroutes had been trending down for the past 3 weeks and I believe it's now time to trade the stock up. In the short term, there might be some short term selling first before higher prices can be seen. If you want to follow me and receive Whatsapp alert, do register for my event next Tuesday to learn more.

新的Silkroutes看起来像一个好的和容易的股票交易。 在过去3天，股票一直趋势向上，购买似乎顺利，没有多少阻碍。 这是我喜欢这个柜台，它的趋势较高，最小的阻力和较小的障碍。 看到2圈的区域，我画了容易的运动。 新Silkroutes在过去3周已经趋于下降，我相信现在是交易库存的时候了。 在短期内，可能会出现一些短期卖出，之后可以看到更高的价格。 如果你想跟随我并收到Whatsapp警报，请注册下周二我的活动了解更多。



I had also created a Singapore stock forum in Facebook. If you would like to join, can click the link below.

我也在Facebook上创建了一个新加坡股票论坛。 如果您想加入，可以点击下面的链接。

http://www.facebook.com/groups/stockmarketmindgames

Ronald K - Market Psychologist - A Stock Market Opportunist