Trade Review: China Sunsine (CH8) Marked Down as Forecast
Laws of Wyckoff help traders to read demand and supply on the markets. We identified the weaken of demand on China Sunsine in late Jun, and forecast that supply will soon overwhelm demand leading to a Mark Down scenario. Within the next few trading days, supply did came in China Sunsine was being marked down to a low of S$1.28, 3c off our target. It was a +14.57% gain in 5 traders days if a trader has shorted the stock.
Join us on the next Wyckoff course and learn how to recognise demand and supply imbalance and identify trading opportunities, following the smart money!