Tuesday, February 17, 2015

Noble Group - Stock Tumble

From yesterday to today, Noble had a high degree of sellers where the selling and dumping of shares was fast and furious. Analyzing and studying the chart carefully, there was exuberance amount of the chasing element where retailers were buying stock wildly while the BBs were performing their hidden selling. Also, there were 2 Fake Breakouts that was pretty obvious with what traditional TA would say open low close high is bullish while if using Mind Analysis, it was indeed bearish. Overall, do not touch this counter in the near term.

Ronald K - Market Psychologist - The Big Speculator