Friday, June 8, 2018

HPH Trust USD - Turnaround for Company

I just witnessed a super big bite in HPH Trust USD. There was a super panic sell down on may 31st when they were removed from MSCI Singapore Index where retailers were throwing it at high speed and suddenly all of a sudden, the stock broke out today with so much buyers. The daily chart was beautiful with a bullish setup. The panic volume that was on 31/5/2018 was also equally bullish with retailers liquidating and to see the stock turn around, I was wondering could this be a turning point for the company since it had been selling down for many years? Judging it, I need more bars to confirm this but it's a stock to keep in the watchlist.

Eventbrite - Register for a FREE Stock Trading Talk

Ronald K - Market Psychologist - A Stock Market Opportunist