In wyckoff method, there is a phase called spring...in this phase, the composite man will trying to shaken out weaker holder and purposely make the stock looks bad...but it also not going to push it too low afraid it will cause major panic. When a major panic take place, even a composite man cannot catch the falling price and it will be hard to push back. For UEMS, the strong support is at 1.10...the composite man will not push it below 1.08...for now, the 1.10 look strong... Like samuel ang said, Heaven and Hell. Just know your emergency exit in case hell break in :)
Stock: [UEMS]: UEM SUNRISE BERHAD
2015-12-08 17:28 | Report Abuse
In wyckoff method, there is a phase called spring...in this phase, the composite man will trying to shaken out weaker holder and purposely make the stock looks bad...but it also not going to push it too low afraid it will cause major panic. When a major panic take place, even a composite man cannot catch the falling price and it will be hard to push back. For UEMS, the strong support is at 1.10...the composite man will not push it below 1.08...for now, the 1.10 look strong... Like samuel ang said, Heaven and Hell. Just know your emergency exit in case hell break in :)