Moya Asia had been running very smoothly since last Wednesday. The up bars are slowly and steady with a smooth uplift. Even when the overall market condition turned sour, Moya had been able to stay above water and stayed strong. In the 5 minute chart, as highlighted in the chart above, the stock had strong zones of pillar support that was unshaken. This could be a strong stock in the making. I am watching this counter closely for more up move as the sellers were virtually non existent in this counter. Of course, I do expect some mini selling first as it reached a short term supply zone.
Ronald K - Market Psychologist - A Stock Market Opportunist
