Last Thursday, I made my bearish outlook for YZJ Shipping when the stock was still at 1.69.
http://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-looks-bearish.html
During that period of time, I saw many bearish signs and I was confident that the stock was about to tank after witnessing Cosco's bearish price action. Shortly after, YZJ got sold down a bit and Cosco suffered the most drop ever in 1 day. I went on to watch the stock and saw more sellers attacking the stock and I also made an update post about it below.
http://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-sellers-attacking.html
On the very same day @ 23rd Nov, 10 minutes before market closed, I went to scout the time and sales where I saw more x and more bearish signs of an impending sell down.
http://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-scouting-time-and-sales.html
Unfortunately, the stock recovered to 1.7 yesterday but it hasn't trigger the cut loss level yet and shortly today, it finally triggered below the 1.64 level and reached a low of 1.60 earlier just now. It just shows that before a stock about to tank, there is usually many wave of ups and downs and many uncertainty before a real sell down happens. Hence, I will explain the whole roller coaster ride in my last event for the year on Dec 12th. Interested parties can register below.
http://stockmarketmindgames.blogspot.sg/2017/11/yzj-shipping-165-reached.html
Ronald K - Market Psychologist - A Stock Market Opportunist
