Tough market for the blue chips. I traded and longed OCBC last week Friday thinking that the market would move up but to only realized that the stock doesn't move and started to simmer back all the way to lower prices. Yesterday, OCBC wanted to run but then once again, it got sold down all the way to 10.93 before closing at 10.98. The peculiar thing about the movement was that the buyers kept wanting to move it up but the sellers suppressed it every single time with force with swell queues. Looking at the chart, it now trading at the demand zone and who knows there might be a bounce soon?
In my coming talk next Tuesday, I will share more stocks, more strategies on how to trade effectively using cash/cfd account and how to carefully watch for the stock readiness before hitting the buy button. Registration is based on first come first serve basis as my talk is about to fill up soon with many registered yesterday. If you are interested to find out and learn more, click n the link below to register.
Register NOW for Free - Stock Analysis and Strategies
Ronald K - Market Psychologist - A Stock Market Opportunist
