Hi-P just issued a profit guidance with lower expectation for their future revenue and profits due to some delay of sales. The chart last week was still ok and suddenly out of no where, the bad news came in today where the stock gap down with 6.6% earlier in the morning. This counter used to be the hottest stock last year but everything changed and fortune just reversed 180 degrees. This is only a tradeable stock for now but not for long term investment. The market conditions is getting tough so embrace for some tough times ahead.
https://www.theedgesingapore.com/hi-p-international-warns-lower-y-o-y-profit-revenue-3q18
Ronald K - Market Psychologist - A Stock Market Opportunist
