Tuesday, April 24, 2018

Asian Healthcare - Minute Chart Panic Selling

Asian Healthcare debut it's IPO last week Friday and the stock opened 10 cents up from it's IPO price at 0.23. The stock was strong until some sellers gave way and started to lock in profits. Since then this counter had been selling down non stop and today it even hit a low of 0.29 before starting to recover. I inspected the minute chart and saw a long bar down with panic selling before recovering. There was collections but the panic sell down was the key towards fast and furious throwing before it recovers. Will it continue to climb? Only time will tell.

Ronald K - Market Psychologist - A Stock Market Opportunist