Another stock which announced good earnings was Silverlake. This was a stock I blogged about 1-2 weeks back where I mentioned to everyone to watch this counter closely at 0.47. Today the company announced it's doubled 2Q earnings and the stock just soared up even though the market slumber down. In the Top volume as you can see, the stock was somewhere in the middle, staying strong and healthy. Just like Thai Bev, I believe the price surged from 0.41 to 0.52 has already factored in the results. The gap up today was to announce the dividend so the price can be maintained. Studying the minute chart revealed a lot more bullish signals like the collections before the stock ran. Easy to trade for this counter 1-2 weeks back. I believe there are more stocks to be uncover. Click and read the news below.
https://www.theedgesingapore.com/silverlake-axis-doubles-2q-earnings-225-mil-proposes-second-interim-dividend-04-cent-share
Ronald K - Market Psychologist - A Stock Market Opportunist
