Monday, August 17, 2020

Medtecs Intl - $8200 Profits Selling Near Peak





Another tranche of Medtecs Intl sold earlier in the morning and this time round, profits escalated to $8200 as the stock rose today with so much late bulls buying on fear. It's wise to just let go and take profits first as the rate of increase was too strong where many emotions on fear on losing out a good run kicked in. Longed near high at 1.22 and sold 1.63 when the bulls were chasing and if you see the price now, it's dropped to 1.58 and the low was 1.48 where earlier there was a super long bar sell down in the 5 minute chart which killed almost everyone who contra and bought near high. Luckily took near peak and no more stress on this counter. Another good day to start Monday.

Ronald K - Market Psychologist - A Stock Market Opportunist