Ever since I made a bearish blog post on Heeton on May 2nd, it had been on the selling mode and never once I saw any attempt from the buyers that they would support the price.
http://stockmarketmindgames.blogspot.sg/2017/05/heeton-lack-of-quality-buyers.html
The selling continued and the stock just drifted away from the peak. The buyers in the past that used to support higher price all of a sudden disappeared and did not come back. I am not touching this stock for now because there are a lot of stale bulls looking to cut loss and a lot of sellers stacked up there. There are better counters than Heeton. :)
Ronald K - Market Psychologist - A Stock Market Opportunist
