STATS ChipPAC is currently experiencing a heavy gap down with a gigantic amount of sellers. At this very moment, there were huge amount of short covering where short sellers were looking to lock in profits. However studying the chart of the stock, there was first a Fake Breakout. Although there was no way to determine a trading halt, but those 4 days of trading halt near the top possessed some form of threat which contributed to the gap down today. Be alert!
Ronald K - Market Psychologist - The Big Speculator
