On Thursday 23rd May 2013, once again for all Myanmar counters, there was a fake breakout. The one particular stock that made an impression on me was Ntegrator. There was first heavy buying in the morning and within few hours, Ntegrator reverse it's order and went south. Basically from the high of 0.124 to 0.113. Fake breakout is a maneuver where the BBs create an impression of initial buying but to only reveal it's real intention that the buying was to suck the buying in so that they unload. So is fake breakouts important to identify in your trading plan? You decide.
Ronald K - Market Psychologist - The Big Speculator
