Monday, February 4, 2019

No Signboard - What Happened?





Shares of No signboard continue to see no daylight as after trading halt, the stock got slammed down even further with -23.3% today. I studied the chart and discovered many bearish signals where the first one would be the long bar up and the irregular trading patterns with subsiding volume. After the trading halt, the stock got gap down today which is something very peculiar since there was some violation of the company share buy back from the chief executive. I am not so bullish in no signboard now as the stock may take a long long time to recover if it ever wants to move up again. The chart can foresee the future while the fundamentals were laggard. Read more on the news below.

https://www.straitstimes.com/business/companies-markets/no-signboard-inadvertently-conducted-share-buyback-during-black-out

Ronald K - Market Psychologist - A Stock Market Opportunist