Wednesday, September 16, 2020

ISDN - The Stock Starts to Suffer Selling Today

ISDN started to suffer some selling today after that long breakout yesterday. The stock was matching to close yesterday where 30 minutes before market closed, there was a huge surge of about 3 million shares done by eating up. The question was, if that's truely shares being eaten up, why did it start to suffer some selling today where prices dropped to 0.365 low today? I think it has to do with the trading range where the stock touched a selling zone. The range was thick and deep where sellers are mounting there before more wave of buyers need to eat up more shares before the stock can move higher.

Earlier in the morning, there was a small change in behavior where the stock was in the Top 30 Volume with declining prices while most ultra penny stocks started to run higher. As of now, it disappeared from the Top 30 Volume where the market depth was thick was I don't think the stock can run today. Made some good scalps myself on some penny stocks today and tomorrow might be a better day maybe?

Ronald K - Market Psychologist - A Stock Market Opportunist