Study On Healthway
Did a trade on healthway a few days back.
After posting that Healthway will likely to be marked up, I entered healthway at 9.2 cents at 1/7.
True enough, wtihin the day I am up by 7 percents as Healthway reached a high of 9.9 cents and went back to a low on 9.6 cents. I could have easily sold it at 9.8 cents but I decided to try my luck to see if SM is interested in marking it higher..
The stocks then went "go-stan" since then?
Why? There are techniques and ways to see if SM is willing to mark up a counter.
But most importantly, why is that today, Healthway made a comeback and reversed lightly?
Simply speaking, the crafty SM has manage to trap a lot of retailers. Unless you are into the trade earlier like me, you will surely get trapped big time. Then again, I did not exit at a very nice level as well.
After some calculation of their potential accumulated price of these selling down, it works out to be 0.0918. So to beat the price that they are accumulating last wave, your entry has to be 9.1 cents.
Having said that, Healthway was pushed up earlier from 8 cents. Thus average might be lower.
What to look out for in the future : A no Supply bar challenging 9.0 cents. I will favour an entry at 9 cents if it ever happens. This will guarantee my limited downside and I also manage to beat their short term v-wap accumulated prices.
After posting that Healthway will likely to be marked up, I entered healthway at 9.2 cents at 1/7.
True enough, wtihin the day I am up by 7 percents as Healthway reached a high of 9.9 cents and went back to a low on 9.6 cents. I could have easily sold it at 9.8 cents but I decided to try my luck to see if SM is interested in marking it higher..
The stocks then went "go-stan" since then?
Why? There are techniques and ways to see if SM is willing to mark up a counter.
But most importantly, why is that today, Healthway made a comeback and reversed lightly?
Simply speaking, the crafty SM has manage to trap a lot of retailers. Unless you are into the trade earlier like me, you will surely get trapped big time. Then again, I did not exit at a very nice level as well.
After some calculation of their potential accumulated price of these selling down, it works out to be 0.0918. So to beat the price that they are accumulating last wave, your entry has to be 9.1 cents.
Having said that, Healthway was pushed up earlier from 8 cents. Thus average might be lower.
What to look out for in the future : A no Supply bar challenging 9.0 cents. I will favour an entry at 9 cents if it ever happens. This will guarantee my limited downside and I also manage to beat their short term v-wap accumulated prices.
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