JEP is the stock that recorded the highest % return today. It's one stock that had a deep flush and recovered tremendously. Last evening the news was released where UMS bought 5.7% stake in the company.
http://www.businesstimes.com.sg/companies-markets/ums-holdings-buys-75-stake-in-jep-holdings-for-s57m
Looking at the chart, the stock rose like a rocket where the accumulation started at the bottom with Top Volume appearance last week. As the stock rose where more and more buyers started biting, some sellers emerged to lock in profits while there was a deep deep sell down before it recovered again. I will be sharing another 4 potential stocks that exude this behavior in my talk next Friday. Interested parties can register below.
Ronald K - Market Psychologist - A Stock Market Opportunist
