City Development just shot up higher as the property sector starts to turn up. So much ranging and sideways moving until the stock has to release the strength and move. You seldom see CityDev in the Top Volume and it's currently there flashing in the Top 30 Volume, telling you that watch out for the property stocks.
What you see now is property stocks moving higher but what you don't see was how the BBs planned their buying sneakily with copious amount of effort where the current price finally reflected upon their hidden buying for the past 1-2 weeks. Usually during these low periods of hidden buying, stocks are moving in sideways with ups/down flushing before the big move finally come that you see now.
Ronald K - Market Psychologist - A Stock Market Opportunist
