Thursday, October 30, 2014

Yongnam - Huge Gap Up




Today Yongnam had a major gap up and it's currently the Top 1 in the Top volume. There was definitely a good news overnight which caused such a spike in price. Studying the chart, there was first come sort of hidden buying followed by a breakout yesterday and and gap up today where the news was released. Retailers were all chasing on good news, but based on my teachings, it's a good day to book $$ from Yongnam rather than buying today.

Ronald K - Market Psychologist - The Big Speculator