Tuesday, August 14, 2018

SIA - Moving under the Radar





SIA just rebounded from the bottom and it's moving in the background under the radar. From the chart, it looks like the supply is tired out and fresh demand just kicked in to support the price at the bottom. Although it rebounded, the signal to go long was not clear and it's hard to click the buy button at the bottom. Will be monitoring how far this stock can fly.

Update: 14/8/2018, 5:37pm

Towards end of day, the stock suffered some 10 cents drop with a heavy blow. Rule #1, never chase at breakouts!

Ronald K - Market Psychologist - A Stock Market Opportunist