Cosco - Buyers in Morning

Cosco ran earlier in the morning with some huge buyers buying up the shares where it moved to a high of 0.455.

http://stockmarketmindgames.blogspot.sg/2018/01/cosco-looks-strong.html

Posted that the stock looks strong yesterday at 2.05pm yesterday and today looks like a lot of shipping stocks are moving a little like Yzj. Yzj moved from 1.52 to 1.57 with a huge volume and the stock was slowly trending higher with more buyers. I am watching the shipping sector for more upside.

Ronald K - Market Psychologist - A Stock Market Opportunist

Cosco - Looks Strong

Cosco looks strong and supported. For the whole day, the market had been whipping ups/downs but this stock looks heavily supported without much sellers. The minute chart looks like there were some collections in place where the stock may run anytime. The line drew in the minute chart is the support line should the stock go below that imaginary line, lower prices will be realized. Looking at it now, it does look like it might trend higher.

Ronald K - Market Psychologist - A Stock Market Opportunist

LIVE Tuition with Ronald K - Watching, Scanning and Learning

I was quite busy in the morning where I conducted a LIVE Tuition with a small group of traders where we scanned, watch and learnt how to pick stocks based on the Top Volume. The market was rather tricky today where stocks moved up and then sell down and then slowly moved up again. I am not sure what the market is doing and hence decided to stay out and do nothing. There are some strong individual stocks to watch out for but overall it's tough and sluggish. I saw BMM^ in the Top Volume but i'ts giving rights and hence have to stay out. During the session, I shared some new found strategies and also reiterate some topics on stock picking and the buy/sell queues. Looking forward to LIVE Trading soon.

Ronald K - Market Psychologist - A Stock Market Opportunist

Midas - Intraday Trading

Midas had a good run today. It was sluggish earlier in the morning but then suddenly it turned strong and had a self recovery. The collections followed by the steady run up was quite fast with humongous bite up from big buyers. I did not trade this counter as I was watching other stocks like Cosco and Rowsley. I am pleased to received a trade record from my student who did his own intraday trading and managed to make $ out of it. Will be sharing some tips on how to perform short term trades next Tuesday Jan 9th in my talk. Congrats to my student and see you all soon.



Ronald K - Market Psychologist - A Stock Market Opportunist

Midas - Recovered Slowly

Midas is slowly recovering from yesterday's massive sell down after touching the peak at 0.18. The buyers suddenly from morning's collection to the breakout now, I saw more a lot of retailers chasing and some unloading action took place. In the minute chart, it's tricky but in the daily chart, it looks like it might take some more time before even higher prices can be seen. It's a powerful stock but highly risky at the moment.



Ronald K - Market Psychologist - A Stock Market Opportunist

Lian Beng - Fruits of Labour

All 4 stocks, Oxley, Lian Beng, Heeton and KSH are currently trading at a very high price now after my Dec 20th post when I shared that the construction was going to be in play soon with signs of bullishness. Now the price we see is the fruits of labour of the earlier Dec 20th post.

http://stockmarketmindgames.blogspot.sg/2017/12/lian-beng-sector-in-play-soon.html

Even with the market taking a simmering action, they are maintaining well without much selling. I think there could be higher prices to come but short term wise for trading, I think it's wise to wait for a weak selling first before taking action.



Ronald K - Market Psychologist - A Stock Market Opportunist

Yuuzoo - 840 Lots Traded

Traded 840 Lots of Yuuzoo at 0.056 where the stock looks like it broke a critical wall. In the 5 minute chart there, was some collections and in the daily chart the stock looks like it's slowly trending higher. Looking for swing trades more than short term trading. Yuuzoo is a penny stock and hence the risk is high compared to those fundamentally strong stock. The market seemed to take a breather today with so many stocks suffering some selling. It has been hot for 3 days and it's about time to simmer before higher prices can be seen. Of course with that being said, not all stocks are equal.



Ronald K - Market Psychologist - A Stock Market Opportunist

AA - 1000 Lots Traded

Traded 1000 Lots of AA as there was some buying activities going on earlier in the morning as recorded in the time and sales. This is a tough stock to trade and sometimes it can become illiquid as they buyers might withdraw and the sellers might pile up. The stock is near some demand zone and hence I expect some big buyers to emerge. Of course with that being said, this counter is risky and tough to trade at times. I am expecting some volatility.



Ronald K - Market Psychologist - A Stock Market Opportunist

KOP - Traded 850 Lots

Traded 850 Lots of KOP at 0.093 earlier when the whole market was moving very vibrant earlier. KOP had been quite steady and holding well since the past few days and hence today when I saw the buy queue swell, I decided to chase a little at 0.093. The stock then rose but then also experienced a sell down and back to my entry price again. It's currently trading at 0.096 and I expect it to trend a little more higher towards the supply zone before some mini selling occurs.



Ronald K - Market Psychologist - A Stock Market Opportunist

Midas - The Hottest Stock

Midas had a good run in the morning. The stock gap up in the morning where there was a huge amount of buyers whacking up the shares till it reached its peak at 0.18. The buyers were relentless and the sellers thin out during the up wave. Study the screen captured I did in the morning, you will see how Midas really ran up and study the minute chart, you will see how the gap up turn 3/4 top before a short term profit taking was observed. The market is hot for 3 days already. It's a new year, new beginning. Hope it can continue like this. :)

Ronald K - Market Psychologist - A Stock Market Opportunist