Fierce rebound in Rowsley today after the gap down in the morning and it touched the demand zone. I believe the shortists are all covering their shorts in lieu of more good news in the pipeline. The stock is rated #1 because of it's % return per day and it's trading volume. It seems like the whole Singapore is playing this counter or could it be just the smart money themselves touching? The stock had been down for 4 days and for all the shortists, be alert!
I am super happy my gap down theory that was taught in the Stock Operation Course was correct as one of my student went in to long at 0.13 and the stock shot up to 0.145 within minutes. After reaching demand zone with a gap down, usually, the BBs would create fear and panic where retailers throw and they long. Congrats!
Ronald K - Market Psychologist - A Stock Market Opportunist
