Singapore eDev was really the gem as a penny stock. It had been down ridden for many years not moving until in recent months where the resurrection happened. The accumulation some years back was strong and in the recent hidden re-accumulation, the strong showed some strength and shot up with speed but soon it died down again. As you might think that the stock was dying, suddenly there was a 2nd wave of re-accumulation and from there on, the stock see no day light. The buyers were buying on good news and the company I believed released some very positive announcement. The time & sales were most bite up while the market depth was mostly in the stacks of millions.
So why is it a once in a lifetime stock? It's because you seldom see an ultra penny can move so much. The chart setup has all the bullish signals combined with the recent Covid-19 lockdown, this stock can only fly with all the stars aligned in the chart. See the 5 minute chart on how it broke the wall with volume and strength, signals are so clear and all over the place. The Covid-19 has been a single handedly the best thing that happened because fortune can be amass quick if you know how to pick the right stocks at the right timing.
Ronald K - Market Psychologist - A Stock Market Opportunist
