Wednesday, May 2, 2018

Thomson Medical - Warrants in Play

Rowsley recently changed it's name to Thomson Medical and now with Thomson Medical warrants in the market, it's the only hottest warrant in play currently. Since Rowsley issued out free warrants, the price adjusted and the stock gap down and never recovered. In the minute chart, the sellers were selling away while the buyers slowly retreat. In the daily chart, it's soon reaching a demand zone where it's important to watch for the turning point.

I would expect the traders to trade the warrant up first at the demand zone and soon the mother share will follow. I have posit this stock in my watch list as I believe there will be an upside soon. Timing is critical in trading this counter. Watching for smart money movement to come first before taking a trade on the long side.

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Ronald K - Market Psychologist - A Stock Market Opportunist