Traded 100 lots of SembMarine yesterday as the stock touched a temporary demand zone and started to show some form of mini buying. I am not very sure if the rebound can sustain for long and hence I was just buying for a scalp trade and that's about it. The Top Volume today looks buoyant with many stocks running like Thomson Medical and AEM while some other oil counters are trying to play catch up game. Study the minute chart for SembMarine, you will see it touched a short term demand area and then tried to bounce off from there. The bounce as of now is not very strong but still made some very small profits which is better than 0. Looking to trade the next stock.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
