Friday, June 5, 2020

SIA - I Saw 2 Profit Taking




SIA started to show signs of fatigue yesterday. The stock ran up but met with sellers and they were selling shares. 2 profit taking were observed and luckily, my guy student sold at the peak before you see the selling today. Click below link to see his trade record.

http://stockmarketmindgames.blogspot.com/2020/06/sia-but-low-sell-high.html


It's important to buy low sell high so that the risk is minimized a lot while profits can escalate. In this case for SIA, the stock shot up, touched the supply zone and came down. The most important thing was profits were made near peak so that one doesn't need to suffer reactions. The Top 30 Volume is flashing SIA on declining prices. Be careful!

Ronald K - Market Psychologist - A Stock Market Opportunist