No buyers and too many sellers. Looked good until the April 30th update which obviously didn't go down too well. Until that time you can see that it was in an accelerating uptrend with higher highs and lows and although it had pulled back it was in a consolidation pattern until the big sell off on high volume on May 13th.
The very large capital raising although probably good in many respects hasn't gone down too well either. I guess it is stuck until there is more news one way or another. Sometimes when the sell queue is as depleted as is the case now it might just bring in the bargain hunters. Certainly not a good look right now and the latest round of sellers are probably taking a real bath.
On the positive side it is in a great position in Asia and has a potent ally in Vipshop so if one is in for the longer term it is probably still a stock with huge potential, just might take a while to show it.
Daily COB
No buyers and too many sellers. Looked good until the April 30th...
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
