Cityneon posted some very positive news after market yesterday. The stock's profits hit a record high of $17.4m where the stock was bullish yesterday during the market sell down.
https://www.theedgesingapore.com/cityneon-fy17-earnings-hit-record-high-174-mil
Today this morning at 9:00am -9:15am, there were many buyers eating up the shares and slowly the sell queue depleted due to the eating action and then all of a sudden, there was a 10 lots throw down at 1.09 and the stock started to spiral downwards. With 427 lots stacking at the buy queue and 128 lots at the sell queue, the direction should be up. However the buy queues got withdrawn tremendously and the selling actions starts from there. Study the time and sales and you will see all the action there.
Cityneon came out with a buy report after the result earnings.
https://www.theedgesingapore.com/cityneon-track-meet-earnings-estimates-despite-higher-gearing-says-maybank
Ronald K - Market Psychologist - A Stock Market Opportunist
