Thursday 10 August 2017

MM2 Asia - Short Term Sellers


MM2 had a successful breakout after dipping to my targeted price of 0.40-0.42. The stock then rebounded quite heavily, reaching to a high of 0.49 today.

http://stockmarketmindgames.blogspot.sg/2017/08/mm2-lapsed-deal-in-gv.html

However, because there were many retailers chasing, the BBs used the rising price to look in some short term profits. In the near term, I am expecting MM2 to reach a price of 0.47-0.46 and then slow drift towards the 0.44-0.43 for some contra squeeze before another breakout. The stock seemed bullish and the scripts are in the hands of the BBs.

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Ronald K - A Game Changer