Disclaimer: The purpose of this blog is not intended to induce or promote any insider trading or manipulation activity. This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the public internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.
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Tuesday, April 21, 2020
Biolidics - I Was So Wrong, It Was Buyers Game
I think I am not used to the SG market now or maybe I wasn't that focus anymore in the STI and hence just when I thought Biolidics was about to sell down a little first, the buyers came in strong today to sweep up more shares and price rose to 0.44 as of now. The stock is currently in the Top 1 in the Top Volume and it pierced through the whole ceiling without sellers. There was a 10 million shares traded in the 5 minute chart and from there, it created a strong support with strength while price maintained there. Personally I would have already taken profits, but well, if it goes higher like today, it was meant to be then. Other than this counter, one of my trader just traded small in the banking stocks and made some small profits intraday within 1.15 minutes. Market is not tough to trade but tight. I prefer trading US market these days.
Ronald K - Market Psychologist - A Stock Market Opportunist