IPS Securex - Top 30 Volume, Flashing 11%

IPS Securex gap up today. The stock is in the Top 30 Volume, flashing at 8% with some profit taking at the moment. The stock had a recent high where it touched the peak and then slowly distribute up again. It's the hottest stock today because it's the no 3 stock in the Top Volume and at the moment, I expect it to range for a while first. I had been watching this counter for a while now but I traded some other penny stocks with better fundamentals.

I believe this stock has seen it's peak so will there be another peak higher? I can't give an definite answer but the chances for my to take a long trade is very low. In the Top 30 Volume now, there are better stocks running at the moment as compared to IPS Securex.

Ronald K - Market Psychologist - A Stock Market Opportunist

Genting SP - Gap Up and Suffered Selling

Genting SP got sold down after it gap up earlier in the morning. As I mentioned in my earlier post, me and some of my Singapore traders started to book in profits earlier when the price was higher earlier in the morning. Just when everyone thought the market was bullish today, stocks took a small breather and a small rest without much movements where some of them like Genting started to simmer down. I am just pleased that most of my students and traders who come frequently for my sharing session learnt continuously from me on the strategies and skills which enabled them to profit during this tough times consistently.

http://stockmarketmindgames.blogspot.com/2020/04/genting-sp-good-recovery-and-u-turn.html

On another hand, we also traded OCBC and started selling to lock in profits since the market tend to inclined towards on the profit taking side. Rex Intl and IPS Securex was another stock we locked in profits. Most of us took $$ and let the market see how it wants to pan out again. It's just a good day on the 1st day of the lock down. Looking forward for more trades later.

Ronald K - Market Psychologist - A Stock Market Opportunist