3rd August - HAIO, TOPGLOV, NTPM, ZHULIAN
Zhulian
Base on a trend channel plotted with three points in May (green square), the support and resistance were clearly formed in harmony with the lines. This may be a coincidence. But I'd rather take it as a hint. If Zhulian continue to fall tomorrow, a price range of 1.90~1.95 shall be a save bet. Overall Zhulian is still on a bullish trend.
NTPM
NTPM was traded at very low volume today. Basically I can see that the Smart Money were standing aside and watch how the weak hands react with the increased of 1 cent yesterday. if this was a "Test", then it has failed. NTPM shall be moving side way for the moment, until the weak hands are bullish.
TOPGLOV
Topglov closed in the middle today with ultra high volume. This is an evidence where Smart Money were in there trading. Since this is an accumulation phase, I'd expect Topglov to be traded side way for the moment. I checked the Price Movement and realized that most of the large volume (>40k units / trade) were traded at Seller's Price. This showed that the Smart Money were getting bullish. Since there were many weak hands selling, the buy rate was only maintained at 55%.
HAIO
HAIO continued to trade low and close low today. The volume was high and most high volume trade (20k~30k / trade) were done at Buyer's Price. Let's see how it goes tomorrow.
Base on a trend channel plotted with three points in May (green square), the support and resistance were clearly formed in harmony with the lines. This may be a coincidence. But I'd rather take it as a hint. If Zhulian continue to fall tomorrow, a price range of 1.90~1.95 shall be a save bet. Overall Zhulian is still on a bullish trend.
NTPM
NTPM was traded at very low volume today. Basically I can see that the Smart Money were standing aside and watch how the weak hands react with the increased of 1 cent yesterday. if this was a "Test", then it has failed. NTPM shall be moving side way for the moment, until the weak hands are bullish.
TOPGLOV
Topglov closed in the middle today with ultra high volume. This is an evidence where Smart Money were in there trading. Since this is an accumulation phase, I'd expect Topglov to be traded side way for the moment. I checked the Price Movement and realized that most of the large volume (>40k units / trade) were traded at Seller's Price. This showed that the Smart Money were getting bullish. Since there were many weak hands selling, the buy rate was only maintained at 55%.
HAIO
HAIO continued to trade low and close low today. The volume was high and most high volume trade (20k~30k / trade) were done at Buyer's Price. Let's see how it goes tomorrow.
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