The second leg bulls just came in to sweep up shares for Asian Pay TV. The 5 minute chart was beautifully setup for the run even though it's pretty high. To trade this counter, one should buy lesser on the way up should the stock suddenly turned down. Was watching the whole morning on this counter and almost took 1000 lots at 0.170 but did not executed it. I wasn't sure about the movements in the morning until I saw the ws, collections and 1 lot marking about 3.39pm where the stock suddenly had another run to 0.186. Chart is easy to read but execution should be lesser lots since it's pretty high.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
