Tuesday, October 28, 2014

Noble - Heavy Plunge











Yesterday I gave an bearish outlook in STI. Indeed, the Singapore market was so lack of buyers that resulted in the continuous sell down of the market today!

http://stockmarketmindgames.blogspot.sg/2014/10/straits-times-index-sellers-later.html

http://stockmarketmindgames.blogspot.sg/2014/10/straits-times-index-sellers-market.html

The biggest upset of all was Noble which plunged to a day low of 1.12 before recovering now. Even with the Dow up +13 points, it doesn't give rise to the Singapore market because the supply was simply too gigantic. The prediction and speculation was correct, there was first an up move yesterday, followed by a trading range and then finally a continuous sell down. So which stock is next? I will share in the preview tonight!

Ronald K - Market Psychologist - The Big Speculator