Traded another 1800 Lots of Falcon Energy last week when the stock had a scary throw down in the 5 minute chart. It was such a carefully throw down that the price was so scary at first glance. During the same day, the price recovered a bit where there was a removal of 4-5 million queues at 2 levels and the next thing I knew, it started to broke out the following day. Entered 0.041 and 0.042 and slowly the price rose and as of yesterday the closing was 0.046.
Yesterday I also saw some 1 lot marker on Falcon at 0.047 where thereafter, the buyers ate up and I thought it would start running towards the 0.050 level. At 0.048, there was another marker followed by an ate up which at that point of time, it looked pretty bullish. But suddenly, because of the market condition, the stock became stagnant and stopped it's movement. It might need some time before any up move can be materialized again.
Ronald K - Market Psychologist - A Stock Market Opportunist
