Disclaimers :All the stocks mentioned here are the opinion of the writer and it is for reading purposes only.There are risks involved in trading shares.Do consult your licensed adviser before you trade.This blog is not responsible for your gains nor does it share your losses.The risks and final decision is still yours. Those interested to subscribe to my FOREX Trading Group/FKLI(futures)/FCPO(palm oil futures),please email me at silkyhawk@gmail.com
Thursday, May 1, 2014
SYMPHNY (0016) ---Update.
First mention on this stock was on 10/4....a speculative trade.
Since after the 11/4...the stock starts to drift lower and lower and the volume traded is diminishing.
The downtrend is not over yet...hopefully can find support at 0.20.Failing that it would try to close the gap.
Before the gap up, the counter was at the range of 0.105~0.14(A) for more than a year.
The gap up(B) (the work of a stock operator in action) is now over.
C denotes the downtrend in progress....those who heeds my2c opinion would have got out at 0.27 earlier.
( The above is my2c....the final decision is still yours...trade at your own risks)
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