Today I will talk about a small-cap stock: 0122.HK Crocodile. The brand is of course nothing small, as Hong Kong people we should have heard of it since young. But its stock is definitely not a famous one.
Crocodile has been fluctuating quite a lot these few days, following the world's volatile market. 0.74 has been its resistance for long, and it could hardly break it. However, few days ago it once broke the resistance, but finally failed and dropped back below the line.
Given the shrank volume when it dropped from 0.74 last two times, and the trial recently, I would expect a breakout. If breakout confirms, it is hardly to predict its stop, so what we have to do is to keep track of it every day and read the tape to see whether the corporate investors are selling or not; or if you want, you can set a limit order such as 30% profits.
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