Tee Intl just lifted trading halt today. Apparently one of the shareholder is selling his shares and that caused the stock price to gap up. Tee Intl had been on suspension and then halt and suddenly to release a good news like this was such a relief. I really love this counter as it was one of the hottest counter to trade back then but to only kept getting hit by bad news. The news today was good and It might be a start for a turnaround?
pic source: https://links.sgx.com/1.0.0/corporate-announcements/08B7MV8CVTC9JHBA/6f0703e73921b0bec5fa0bd2bc6dbe29b6767998cc15efcac2aa72729c55da8c
On Sep 10, I posted on a public forum that a good news might be coming soon and indeed, the good news came and materialized today! The question was how did I know? Because in my previous post for Tee Intl, I kept mentioning that for this stock to rebound and resurrect, its must be news driven and a catalyst for it move higher again. This counter cannot move higher if the Dow Jones move up 500 points or if the STI moved up 50 points. It must be a good news to keep the stock spirit higher. Of course, from the chart, I also studied carefully that the supply was weakening and many retailers were panic throwing it down and hence, a rebound was coming soon. Click below to read all my Tee Intl blog post.
http://stockmarketmindgames.blogspot.com/search/label/tee%20intl
Ronald K - Market Psychologist - A Stock Market Opportunist
