Wait for awhile more on YingLi…
Posted by admin in Comments and Feedback, Market Analysis, Stock PickGood Morning,
2 weeks ago, I suggest looking at Ying Li and I made a statement that this share have the potential to go up or down by 20% and that was way before we know that there will be a placement by the company. Some people went into the trade and was caught by the placement pricing. But since they entered into the market knowing that there is a potential 20% downside, I am glad that most of them understand in the RISK involed. Some even picked it up.
But of course, many are asking.. then what to do from here? Honestly, I been monitoring this stock for awhile. So here is my analysis on it. Nothing is 100% so take my view as a guide and do your personal assessment.
YingLi placement is 61cents and the day after it opened its placement offer, it hit a low of 615, with 110lots done before closing higher at 62.
Then along the next 2-3days, it consolidate, touching 615 again before closing strongly at 63.
That was the signal for a technical rebound which happened at the share rose to 66cents on 99mil shares traded.
But the next day, it opened at 65.5cents and came down to where it started on 66mil shares. 2/3 and today only 8.7mil shares traded.
So if you ask me, based on V3Go Rules, today OP-1 is a sell. The closing below the TSC already indicate to you some hint of selling than buying for today.
I suspect this share is to test back 62cents today and end at Day Low today.
But after today, if this stock can rebound from 62-61.5cents then I will start looking for a potential LONG on this share as that complete the rout.
If this share trades below 61cents, the placement price, get out first. This is my personal view.
Kelvin Han
Originator of V3Go Mentoring Program
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