ThaiBev - Shorting to Profits

ThaiBev reversed this morning where the stock opened low and then suddenly turned up. At one glance, I thought the stock was strong as it seemed like it's going to trend higher. Suddenly, waves and tranche of selling started at the fake breakout points at 0.915 where the stock sudddenly suffered selling to 0.885. It was so serious that one would thought that the stock would suffer more selling. We shorted this counter on Tuesday but because of the Trump news, we went to cover the short positions with a small commission loss.

The chart is beautiful for shorting but then it's quite tricky for now. I am really please that my constant sharing once again enabled some of my students to short and make $$ out of it. Those who came for my LIVE Trading and wanted to take some risk, this was the stock I shared as many of you asked. Hong Kong land was another and as you can see, the above is not my record but it was pretty impressive wins after coming for my talk yesterday.

http://stockmarketmindgames.blogspot.com/2019/08/live-trading-with-ronald-k-cautious.html

Ronald K - Market Psychologist - A Stock Market Opportunist

Thai Beverage - 2Q Earnings Dropped

Earnings for 2Q dropped for Thai Beverage and combined with the fearful market conditions, the stock started to dip earlier and just like 20 minutes ago, there was a fearful sell down where the buyers looked like they were locking in profits. Sellers after sellers as the stock suffered a hefty drop with 8% in one day which is quite large for Thai Beverage considering it a slow stock. Nothing is good now is wait for stocks to touched bottom first and look to pick up again.

https://www.theedgesingapore.com/thaibev-2q-earnings-fall-12-250-mil-due-poorer-spirits-and-food-businesses

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Top Bank Mover

DBS moved 24 cents today. The banks were strong but not all banks as UOB did not performed as compared to OCBC and DBS. ThaiBev is another stock which has no profit taking and moved higher because the chart was beautiful. DBS broke above the wall and will it trend higher? I need to watch for the next few days on how much sellers is coming out first as I expect the stock to go through some rough patch as it climbs higher. Jumbo got sold down pretty bad while Tritech suffered the same fate. Not all stocks are equal and it's now time to focus back on the blue chips as it looked like the market has something brewing very soon.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thai Bev - A Bull Run

A bull run in Thai Bev as the stock ran even further even when STI is tumbling. It's a strong stock now and looking back, I believe I alerted everyone on my blog on Jan 16 2019 that this is a stock in a making for a bull trend. Click and see below link.

https://stockmarketmindgames.blogspot.com/2019/01/thai-bev-bull-trend.html

Thai bev touched 0.815 earlier as many shortists tried to short but dead later with many covering their shorts as the stock was bullish. Even though the market is bearish, still the bulls in Thai Bev fought for higher price to come and indeed, the price kept trending higher and higher. Looking to lock in my profits soon. Congrats to my student who traded 40 lots today and locked in profits intraday!

Ronald K - Market Psychologist - A Stock Market Opportunist

Thai Bev - Net Profits Double, Stock Price Surged

Amazing results from ThaiBev and the stock gap up at 8% with so much finesse. At one point yesterday, I thought the stock was dying but then suddenly, after market when the results was released, it's net profits durged more than double to 7.6b baht. Click below to see news.

https://www.businesstimes.com.sg/companies-markets/thaibev-q1-net-profit-more-than-doubles-to-74b-baht

Actually, looking back at the chart, the stock already ran ahead of the result. From 0.58 to 0.76 back like one month ago, the rise was very strong which suggested that the stock price already factored in the results and then there was some minor profit taking and suddenly it gap up today. Thai Bev is a very slow stock but when it can gap up like this, I believe there was momentum change. Let's see how it performed in the next few weeks.



Ronald K - Market Psychologist - A Stock Market Opportunist

ThaiBev - Shorting at Supply Zone

ThaiBev has been a superb stock for the past 1 month. It's been climbing up the ladder non stop from 0.58 to a high of 0.775 before a small crack in the minute chart was observed and the stock started to slumber after the CD. Before the run to the 0.76-0.775 range, there was also this exhausted gap up in the 5 minute chart where it indicated that demand was almost dried up and I believe that's the time to short and lock in profits. I was pretty impressed with this student of mine as once again he proved to be a time tasted trader whom is self independent and always got the job done. Yesterday he made another $2900 and I know he has some other positions which was not closed yet but in some unrealized profits. Good shorts and good observation skills!

I will be sharing 5 trading strategies while one of them is using CFD to do effective shorting. I have many registered for the talk already. So if you are interested, kindly register using the button below. See you there.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thai Bev - You Must Know This

The bull wave in Thai Bev looks tired temporary. See the 5 min chart, did you saw some dips at the top? See the up move for the past 2 days, also in the 5 minute chart, did you saw that the bull looks tired with a tighter range? You have to know this trick if you want to be a good trader/investor. These are signs of weakness and fatigues when a run has to stop momentarily. It tells you that the bull has no strength as the gas is running out and profit taking will start to occur soon. Of course, I might be wrong and let's see if it turns down more later or have to lock in $ fast.

All good thing will come to an end and all good runs will take a breather. At the moment, I saw more down side than upside in ThaiBev, but that's my personal view from reading the price movements. The chart in Thai Bev is not bearish but just tired to run further with some sellers looking profits at the top. Shorted 50 lots at top @ 0.725 and see what it will do later.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thai Bev - A Bull Trend

Thai Bev, a stock that had been trending for the past 9 days kept climbing higher non stop with buyers willing to accept higher prices consistently. I studied the chart for scripts counting and indeed, there were 2 phases and areas where the big buyers accumulate which had an impact for the current prices we witnessed. Thai Bev is not my kind of stock but I cannot deny the fact that it's pretty strong for now and I remembered almost buying this counter 2 weeks back but did not. In the 5 min chat, there was a strong sign of strength to go long where the bullish signal was the strongest. Using the market depth and some strategy, it was clear that the stock was on the rise but I did not expect such a powerful rise. In the short term, I will put this counter in my watchlist for trading later.



Ronald K - Market Psychologist - A Stock Market Opportunist

Dow Jones - Supply & Demand Zone with Profits

A long day at work today but it's so fruit fulling as I drove more people to drive themselves to make $$. See the whatsapp that I received that people made $$ from watching my Youtube video on supply/demand. You can watch the video above if you want to learn how to profit from the stock market. See all the profits that my guys made today, it just made my day even more exciting and motivated to do more videos and share my skills and knowledge.

The year is ending and looking back at 2018, I believed I reached the epitome of my career now and I am looking forward to 2019 where I will challenge myself to pierce all mountains as it's something I want to get out of my comfort zone. I will do more overseas talk and private events to share and help more people to profit from the market.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thai Beverage - Upgrade Call

Thai Beverage just shot up so madly after opening at 9am. The stock got an upgrade buy call and was under heavy buying where the volume swelled so big that the big buyers just took whatever price that was available and never gave a chance to the public to think. This is what I meant, the stock market is not for the faint of heart but more for the decisive because when stocks is about to run, there is not much chance for you to hesitate and that's what happened to Thai Beverage now. From opening at 0.69, it shot up to 0.72 with amazing buyers following through. I studied the chart and the buy/sell Queue, it was obviously some big boys buying and not small retailers. Looking to see how far more it can go. Will share another stock tips in my talk next Tuesday. Register below!



Ronald K - Market Psychologist - A Stock Market Opportunist