Monday, September 10, 2018

SembMarine - Bought Before Breakout









Pleased to see trade records on buying before a breakout. This time round it was Sembmarine. The stock was under some collections earlier where buyers were absorbing the supply and all of a sudden there was 6.8 million shares married deal and slowly that's where the stock took and and attracted more buyers to follow through.

To buy before a breakout, I think the most important clue is to see the ws and also when it's stagnant and not moving. Then all of a sudden, the buyers came in to whack up the shares which will give you a clue that the stock is almost ready as it attracted buyers. The chart setup must be at the bottom and look for the collections stacking nicely then give it a try. 8/10 times, it should breakout further and materialized.

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Ronald K - Market Psychologist - A Stock Market Opportunist