Today…..Short Squeeze On Selected Penny Counters Is Widely Expected….
Good Afternoon Readers,
Today is Tuesday and we know the likely direction of the market for today, thus that’s why since morning, we been informing traders to look out for Penny Counters to play…. as this should be the last leg of this run…
UniFiber is up 54% in a single day….. while STI is up less than 3pts….. you tell me this not craziness???
Today’s upside is expected since morning and tomorrow… will likely be a Day of Disappointment… So traders take advantage of today and stay out tomorrow…
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This is what I shared with my graduates online and I like to share it with you too….
Question to you, KEL:
Cillin T:
” On 25th STI +1.5%
on 26th STI +0.1%
on 27th STI +0.8%
on 28th STI -1%
sorry, it look more like a up to me “
KEL’s Reply:
On the 26th of Jan – STI rose 2.8pts…. but it hit a high 2917…. and closed below OP
On the 27th of Jan – STI rose 21.83pts …. but its high was 2916… closed above OP
On the 30th of Jan – STI lost 27ptspts… its high was 2907… closed below OP
Today… 31st of Jan (still trading) – STI down 2pts… its current DH is 2895….
up or down? you decide…
I am already mentioned, many blue chips volume have dipped and range are getting smaller…
The 1st and 2nd liners counters like Noble, Cosco, Sakari aren’t really moving
the penny counters are hoarding the limelight with 20-40% gain INTRADAY!!
So honestly… I am going to say this…. we have hit the end of this upside wave….
Tonight, likely chance to see the Dow UP a bit…
Tomorrow, likely to see more selling upon higher or flat opening…
Again, I can be totally wrong but I am staying away……
Today, i only play penny counters, in and out fast….
Not recommending anything else…
Kelvin Han
V3Go Chief Trainer
Read more: Did You Trade