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Monday, August 24, 2020

Aspen - Profit Taking and Simmering Down

After an extremely powerful run yesterday, Aspen finally suffered some profit taking and it's starting to simmer off. From morning 0.39, it's now 0.35 as the buyers decided that the stock touched a supply zone and it's time to lock in $$. The Top 30 Volume recorded Aspen as of now being actively and heavily traded and I believe there are more trades waiting to get in at cheaper prices maybe later? In the 5 minute chart, the stock gap up where many buyers went to chase higher price to finally realized that it was a maneuver to take profits along the way. A good trader knows how to enter and exit while an average trader knows only how to enter. An excellent trader knows how to enter, take profits along the way and finish a clean job near the peak. Ponder about this.

Ronald K - Market Psychologist - A Stock Market Opportunist


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