Just sold 10 lots of DBS at 24.34. The stock had a stellar performance for the past 2 days where it rose more than $1.00. The buyers were strong and the sellers were slowly retreating this time as compared to the previous round where the sellers were commanding. As shown in the minute chart, the rise was pretty real but then it's a good chance to lock in profits at high price.
The market looks like a fake breakout to me and I am not taking any chances for longs. The best decision is to lock in profits first and have a good weekend. Although made a small loss earlier in Sembmarine but covered so much more with this big profits.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
