During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle.
If the right issue price is 0.10......Stop loss will be at 0.08......Resistance is 0.14.....Its best to wait after listing.....see how the market react....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sangjero
649 posts
Posted by sangjero > 2017-04-12 11:11 | Report Abuse
let's see what will happen before 16th april....