After selling and locking in profits for Sembmarine 2 days ago, the stock today got a very bad news from Brazil which caused the price to collapsed and gap down! Click below to read the news.
https://www.businesstimes.com.sg/companies-markets/sembmarine-brazil-unit-involved-in-operation-car-wash-probe-over-ex-consultant
Something just happened in the office over at Brazil but more importantly, I did not hesitate to sell the stock at 1.53 with $3000 profits first since there was bearish signals. The chart when it gap up after the good news from the US-China Trade war on a Monday was a clear signal to lock profits since there wasn't much more upside. Combined together with a chart that has no strong cob, it's clear to take profits first. I am happy to lock in $$ without being suffering from this gap down. Click below to see my profits on Monday.
https://stockmarketmindgames.blogspot.com/2019/07/sembmarine-profits-locked-100-lots.html
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Ronald K - Market Psychologist - A Stock Market Opportunist
