Monday, October 21, 2013

Liongold, Asiasons, Blumont


The highlights of today's trading was on Liongold, Asiasons and Blumont having their designated status lifted. The 3 stocks open high but quickly retreated. When they have all reached a floor, the stock that rebounded first was Liongold. This was my obvious choice to go long because of its relative strength amongst the three. Clearly, the price action has shown that Liongold is the leader of the pack. If the strong becomes stronger which is what usually happen in price action traders should focus their attention on Liongold.

All posts and charts are for educational and illustration purposes only

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