Top 30 Volume - Second Liners Moved

Can you see those second liners moved in the Top 30 Volume? If you compare my previous post and this post on the Top 30 Volume, you will see many stocks run. AEM and Hi-P, Hong Kong Land, Starhub all just broke through the wall and rampant up higher. The market has a lot of good stocks running as per my last blog post earlier.

Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - Sliding Down at Support

Starhub kept sliding down non stop at the support area. After my last few post in February, the buyers still did not appear and the sellers were commanding.

http://stockmarketmindgames.blogspot.com/2019/02/starhub-stock-coming-down.html

http://stockmarketmindgames.blogspot.com/2019/02/starhub-what-i-hope-to-see.html

This is not the sector in invest in right now as it's coming down non stop but one can look for shorting opportunities since the buyers were weak. Bad sector and lousy stock for now. It might get worse.



Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - Stock Coming Down

Stocks are not performing and lagging today. Many stocks suffered selling and blue chips are on their way down. Starhub, a stock which I was not bullish on started to simmer off and broke down even further. Click and see my analysis on Starhub when I posted last Thursday.

http://stockmarketmindgames.blogspot.com/2019/02/starhub-what-i-hope-to-see.html

The buyer indeed did not appear while the sellers weren't as strong but price kept falling. As per my last post, I need to see the strong buying to appear first before I will start looking for bullish signals for long. As of now, Starhub hasn't turned yet and I would still stay out since there is no entry point. Patiently waiting for it.

Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - What I Hope to See

Starhub gap down recently due to bad results. As of now, the stock is in demand zone but the question is will the stock trend up again from here? To be honest, I won't be buying this sector as it's one of the weakest sector at the moment where the buyers were literally not coming in like it used to. The chart is not bad but the signs of it turning is not here yet and there is no strong buying at the moment. Hence, like M1, until I see the buyers slowly coming back with small selling, I will put this counter in my watch list for now since it's quite frequent that it's in the Top Volume now.

Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - 74% drop in 4Q Earnings

Starhub had a last minute breakout today. The breakout was so fierce that it recorded 4.38% which is rarely and seldom seen in this stock. It also meant that some good news is coming ahead or price wouldn't have run so much. It could be because it hit a demand zone and buyers started buying or it could be because of short sellers covering their shorts. I don't know the real answer but looking at the chart, I wouldn't buy yet and I did not expect it to have such a powerful breakout today.

After market yesterday, Starhub posted a 74% drop in 4Q earnings which could meant that this breakout could be fake. I am not sure what will happen to Starhub later but there might be a chance that the stock will gap down first. The market is volatile and presents opportunities but play the right stock is equally important. I will monitor this counter at 9am. Click below to see the earning results.

https://www.theedgesingapore.com/starhub-posts-74-drop-4q-earnings-141-mil-higher-operating-expenses

Ronald K - Market Psychologist - A Stock Market Opportunist

Rotating Stocks - Trade Records

Happy to receive this trade record from student doing rotation. It's something I shared in my workshop and glad that it's useful for short term trades. My workshop is tomorrow evening and I shall see those who registered. Will share more on my Whatsapp and short term trading strategies. There are still seats left. If you are free tomorrow evening, can look to register below.

 

Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - Profits $5000

Another profits secured at Starhub today! Bought 100 lots and sold 50 lots in CFD @ 2.94 while another 50 lots @ 2.92 with a $5000 profit. The telco became lucky counters to trade. With M1 and starhub profits, it's $17,000 today. The market has been very easy to trade and one cannot waste opportunities. Once it's gone, it's gone forever.

http://stockmarketmindgames.blogspot.sg/2017/01/m1-profited-12000.html



Ronald K - Market Psychologist - A Stock Market Opportunist

Global Logistic - 50 Lots at 2.06

GLP moved and hence so does my profits moved up too. The stock is waiting for a good news to come but before the good news, there is normally a flush or some selling first to wear out retailers before the real move up materialized. Longed 50 lots at 2.06 and it's currently at 2.1 with an unrealized $1000 profits. HC Surgical and Starhub on both trades made about $6100+. GLP is moving towards my direction accordingly. Swing until the trend breaks.

http://stockmarketmindgames.blogspot.sg/2016/11/wilmar-global-logistic-ocbc-top-volume.html



Ronald K - Market Psychologist - A Stock Market Opportunist

Telcos - Singtel, Starhub Turn Around?

All 3 Telcos had been slammed down hard recently. It seemed as though a turn around is coming soon and as usual, I capitalized by longing the stock at the bottom and before it broke out higher today. I had also locked in profits and shifting the focus to some other counters. However earlier, I saw Singtel and Starhub continued to have some mini continuous run up again which prompted my attention. I think there was some massive liquidation where the BBs started to absorb the shares at the bottom and in the near weeks to come, higher prices can be materialized. Watch Singtel and Starhub closely. The leader will always charge first.

Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - Sold 2.88

Just sold and finished the trade in Starhub. The stock hit a high 2.89 before closing 2.86. Sold at 2.88 where the long was at 2.8 earlier when I posted on my blog. I will be sharing some stocks outlook next week.



Ronald K - Market Psychologist - A Stock Market Opportunist

Starhub - Liquidation or Panic Selling?

Starhub had been suffering a major sell down which looked like liquidation recently. If you really study carefully, it looked more like panic selling than liquidation. The stock, I believed is preparing for a high move up and hence longed 50 lots at 2.8 near the bottom earlier. Before the run, there was strong collections going on and thereafter the Starhub just took off. Swinging this trade until the trend bends.



Ronald K - Market Psychologist - A Stock Market Opportunist