JEP - Background Running

JEP was a stock I had been watching for months. It's currently in the background moving and it's not in the Top 30 Volume. As you can see, some great stocks always move in the background undetected without much notice from the public. JEP's chart was very beautifully setup with so many bullish signals months back. From the ws to the nb to the the breakout, it's all classical text book stuff from my course. I am trying to detect another stock like this using another strategy. Let's see if it works.

Ronald K - Market Psychologist - A Stock Market Opportunist

JEP - Follow My Trades

I posted a morning outlook yesterday before market opened. It was a bullish outlook that the market would recover from Thursday sold down and indeed the STI was positive towards end of day with +44 points with many blue chips running. Last evening, the Dow also closed very high with +347 points on a strong note after breaking above the profit taking area. It was a spot on again outlook in tandem with the Dow Jones.

So JEP was the hottest stock yesterday and I took this trade on a Wednesday where I posted it on my blog where I longed 3200 lots in total at 0.071-0.072. JEP was in collection mode before the breakout and more importantly, it broke above the profit taking with speed and strong buyers. With just 2 days, my profits was up $66,000 and what a 2 day difference this stock did to increase my profits to offset my Jiutian unrealized loss.

http://stockmarketmindgames.blogspot.sg/2018/02/jep-traded-3200-lots.html

http://stockmarketmindgames.blogspot.sg/2018/02/jep-traded-another-1800-lots.html

I was glad that my student followed me on this trade and made a very good return of $4000-$6000 profits in this one single trade. The buying wave indeed came in and the rest was history. In trading, there are bound to be some losses like Jiutian for me in this case and Rowsley for him in his case, but it's the fighting spirit to find the next stock that will determine your success. Congrats!



Ronald K - Market Psychologist - A Stock Market Opportunist

JEP - Flipped Up to 0.085

JEP flipped up to 0.085/0.086 with so much buyers and luckily I took this trade at 0.071-0.072. The stock met with so much buyers and I think a very big news is coming. I was watching for the whole morning and suddenly the stock just turned up with huge volume. I will pick another similiar stock like JEP in my next event. The market is full of opportunities, so don't waste it.



Update: 23/2/2018, 2:40pm

Wow, JEP just broke out higher to 0.093 high!!



Ronald K - Market Psychologist - A Stock Market Opportunist

Top 30 Volume - Jiutian, JEP

JEP and Jiutian continue to be dominant in the market today with both in the Top 1 and 2 in the Top 30 Volume. Both stocks were rising and the buyers were furious in their buying activities. The electronics sector were also in play with many electronic stocks moving while the disappointment was Sembmarine because it tanked down non stop after the bad results and today they will release some strategic plans which I don't think it's anything positive as the price kept tanking before the news announcement. The Top Volume is buoyant but stocks selection is important as the market is reaching a saturated point now.



Ronald K - Market Psychologist - A Stock Market Opportunist

JEP - Traded 3200 Lots, Up 0.077

Traded JEP with 3200 Lots in total at 0.071- 0.072 and the stock rocket and soared today till 0.078! Although I have locked in some profits but nevertheless, it proved that my foresight was correct on this counter. I saw buyers in the morning but I witnessed more high volume of extra buyers to push prices higher which brought JEP to the Top 1 in the Top Volume.

The Top Volume has some strong stocks today, but nothing beats the JEP today. :)



Ronald K - Market Psychologist - A Stock Market Opportunist

JEP - Traded Another 1800 Lots

Added and traded another 1800 lots of JEP @ 0.072 to make it 3200 lots in total.

https://stockmarketmindgames.blogspot.sg/2018/02/jep-traded-3200-lots.html

Suddenly the stock ran with so much more buyers and hit a high of 0.074. See the top volume, from middle, it's slowly moving higher and higher while in the minute chart, it's showing that the big volume came in at almost 1.5 times of previous volumes which could meant someone is supporting this counter. In the $$ now and thanks to my team for helping me to spot this counter.



Ronald K - Market Psychologist - A Stock Market Opportunist

JEP - Traded 1400 Lots

Traded 1400+ lots of JEP at 0.071. The stock looks like quite strong as it continues to soar. Many small pennies started to run and after reaching the supply zone, Jep still did not take any breather. The buyers were in earlier in the morning at 0.070 where I think there might be chance for higher price in the coming days. Watching it closely.



Ronald K - Market Psychologist - A Stock Market Opportunist

JEP - UMS bought 5.7% Stake

JEP is the stock that recorded the highest % return today. It's one stock that had a deep flush and recovered tremendously. Last evening the news was released where UMS bought 5.7% stake in the company.

http://www.businesstimes.com.sg/companies-markets/ums-holdings-buys-75-stake-in-jep-holdings-for-s57m

Looking at the chart, the stock rose like a rocket where the accumulation started at the bottom with Top Volume appearance last week. As the stock rose where more and more buyers started biting, some sellers emerged to lock in profits while there was a deep deep sell down before it recovered again. I will be sharing another 4 potential stocks that exude this behavior in my talk next Friday. Interested parties can register below.



Ronald K - Market Psychologist - A Stock Market Opportunist