Singtel gap up today with speed and finesse where the stock ran so much in the shortest amount of time. In fact, the whole market was buoyant with the banks moving a lot too. I don't know what's the news for Singtel but I know what smart money was doing. There were some hidden buying 2 days back and smart money was slowly absorbing the scripts.
I studied the 5 minute chart, as you can see there were absorbing going on for the past 2 days. It was slow and steady but hidden from the public. However if you scrutinize closely, you will observe more hidden buying and absorption of scripts at the inner circled area as highlighted. That's where it's not obvious to the retails and it's the unseen secrets of the smart money because they know how to do absorption which is hidden from public. Today the stock breakout not by accident but but designed. So if you invest yourself in knowledge on the smart money, you would have discovered this trick. Will share more on my Aug 28th Tuesday talk.
Ronald K - Market Psychologist - A Stock Market Opportunist
