As the market continued to turn into selling mode, the banks started to rebound today as highlight on my blog earlier in the noon. Click and see my blog post below.
https://stockmarketmindgames.blogspot.com/2018/02/dbs-ocbc-rebounding.html
The rebound was fierce in the banks. I am not sure what's the reason but it seemed like every banks have that weak selling which then turned into the fireworks buying mode. Went long 10 lots of UOB at 26.00 and sold off at 26.17 with a good intraday $1700 profits. Not really fantastic but look at the blog post when I saw the rebound happening. It's either you take the trade and make $ or don't trade at all and waste opportunities.
As compared to the 2 banks, UOB is the weakest with the fastest amount of selling and when the rebound happened like what it did, it's also slow and weak. Haven't traded UOB much and hence decided to try to see it's speed of rebound since OCBC or DBS is a better wise. So now, I gained one more experience on how to trade all 3 banks should another rebound happens. Will share more soon.
Ronald K - Market Psychologist - A Stock Market Opportunist
