GCCP, a mineral commodity play company, entered at $0.07 and ended the day at 0.062
This is more than 10% drop, am feeling super heart pain, but will look at tomorrow's performance before making a decision to SL. What i did was do a bet using pure technicals without considering any fundamentals. Just a few moments ago,saw the P/B ratio was 2+ for such a microcap counter. immediately i thought, i need to rethink my buying process to have a plan.
ANyway if you look at the counter, long term points to down-trending prices, however you will notice higher highers, higher lows ; accumulation of counters; uptrending MACD. this points to a highly likely divergent trade where a reversal happens. since i am vested small amount, i thought it was worth the risk to see how much i can get out of this trade. if it hits below the nearby structure of the recent low, i will SL it.
Thaibev divested from thaibev yesterday at 95c, only to see it turbo up today to 98.5c, well i guess i shld be more patient and careful with my trades.
stay tuned.
YUUZOO,CITYNEON. counters called have had a bearish breakdown, so becareful!
yoma still going strong.
UMS, MM2 valuetronics are hovering
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