Razer - Locked in Profits

Razer had a huge drop this past week. The stock dropped almost 10% with selling after more selling. Luckily for me, I sold it on the break out day when Razer had a 4% gain as I knew Razer's rebound is normally quite weak and small where I had experienced trading this counter before as every time it hits a support level, it would have a short and weak rebound where it wouldn't last long. This is a very important signal for me to sell on breakouts.

Look at my trade record from UOB Kayhian as attached above. After I sold it on the day it broke out, the stock had been spiraling downwards continuously with no stoppage. The support was weak and the buyers weren't interested in this counter at the current price levels. Could it be some big funds selling or there could be some bad news coming out soon? I don't know but from the chart wise, it's not yet turning. Although I only made like $8000 only, it's still better than holding on to losses now. I will find another turning point in chart soon.

Ronald K - A Game Changer

Razer - Long 1000 Lots

Razer after running to a high of 4.31 suddenly had a huge drop to 4.2 earlier just now before lunch. As of now, the stock recovered and ran further and touched the 4.29 again but with slow and weak buyers I think. I traded 1000 lots of Razer last week and currently in $15,000 profits. The drop last  2 days was just too scary where it almost trigger my cut loss but did not. This is a stock that I have to monitor closely.

Ronald K - A Game Changer

Razer - The Ship is Moving

The ship is moving and Razer is poised to break out even higher. Since my last post on Nov 24th, just when I though Razer is about to move, sellers came in a sold it down but it did not crash like the last time but instead hang and being supported well below the last low. It now has a lot of big buyers and the breakout was furious earlier.

http://ronaldkstockmarket.blogspot.sg/2017/11/razer-looks-bullish.html

The buy sell Q and market depth shows healthy buyers. Although there are blocks of sellers, still the I believe the wall will be broken. Monitoring it.

Ronald K - A Game Changer

Razer - Looks Bullish

It looks like there is a chance that Razer will run on Monday. The stock looks bullish as of now and it's under some serious hidden buying mode where the demand is overpowering the supply. In the daily chart, the selling looks like abated and finished and in the minute chart, the bullish setup is even more beautiful where there was serious eating going on during the last 45 minutes before closing earlier. Let's see what happens on Monday.

Ronald K - A Game Changer

Razer - 1st Day Deep Sell Down

Razer debuted it's first day of trading yesterday and the stock was not sparred where the sellers quickly took advantage of it and sold the shares big time. From 5.49 high, the stock reached a low of 4.36 today. The swing was huge and the volatility was there for those who are interested in short term trading. I was studying the min chart and I saw that after a huge sell down, the stock went into some weak selling mode, there was also some form of collections before the stock broke out again to 4.61.

Soon after, more buyers joined the fun as the stock went higher to 4.69 with speed and healthy volume. The collections materialized into full breakout and it reached a high of 4.82 now where on the right hand side of the chart, it clearly indicates strong buying. I will be looking to explore the hong kong market as whatever I taught in my course, it's equally as useful here in trading the hong kong shares. Will be sharing more on trading hong kong shares later today. It's definitely a market worth exploring.

Ronald K - A Game Changer