Wednesday, May 14, 2014

Hankore - Up First Then Reactions!








Posted my forward prescient outlook on Hankore in the forum on a last night before the market opens today. On my post, I mentioned that "Hankore will rebound a little more before having reactions." This morning when it opened as you can see from the Top Volume screenshot, it opened at 0.097 and now suffering reactions to 0.092!

On the min chart, it seemed as though there was some profit taking going on, followed by distribution and maybe more sell down later? The clues were obvious from the chart as some BBs were locking in profits. The question now is is more buying going to emerge or more sellers coming in to bring the stock down? We shall monitor.

Ronald K - Market Psychologist - The Big Speculator