Yangzijiang, after all that bad news and resume trading halt yesterday started to climb higher today. After the released of halt, the stock tumbled like 31% yesterday and it seemed as though there was no floor for the selling yesterday. As of now, it's the most active stock in the Top 30 Volume with currently No 1 with rising price as shown on the attached picture
http://stockmarketmindgames.blogspot.com/2019/08/yangzijiang-cirb-after-shares-tumble-20.html
It might be due to short covering or it might be some buying. I studied the chart and based of experience, it could be short covering as there wasn't much strong buyers touching the stock. The selling was too fierce for the past 2 days and for this stock to trend higher again, there must be more evidence of flushing and strong buying before I would give it a try. For now, it's just flashing in the Top 30 Volume while the STI is crumbling down.
Ronald K - Market Psychologist - A Stock Market Opportunist
