Thursday, May 31, 2018

YZJ Shipping - Building Buying Interest

Watched the market for a while today and saw YZJ as the only stock to have an opportunity to make $$ while most of the stocks had already gap up quite a fair bit. This is the only stock in the Top Volume which has some range for some good intraday trade. The buying interest was building at the gap up point as marked by a X in the 5 minute chart while collections followed thereafter. The stock then ran to a high of 0.99 before taking a break there. The chart has all the answers for a good entry point but the STI is a little lackluster. For those who missed, will have to watch for some mini selling first before considering re entry.

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Ronald K - Market Psychologist - A Stock Market Opportunist