China HongXing & Jaya Holding shown one lotter trading today but ended with different results today. I summarised the similarities of one-lot trading for Raffles Education, China HongXing & Jaya Holding as below:
- All three stocks’ prices are testing their support levels.
- One-lot trading starts at about 10:00am and about 3:30pm (except Jaya ends at 2:30pm today). I guess the professionals monitor the 1st hour of market movement before entering the trade at 10:00am. At 3:30pm, the professionals summarize the trade sitution before deciding the next step (either to enter a big position or abandon the trade). Three different outcomes for Raffles Education, China HongXing and Jaya Holding. Raffles Education ended the day with one white long candle; China HongXing ended with a doji but with a preclose volume of 2337 lots (big fish!); Jaya Holding ended with a short black candle (no big fish at preclose).
China HongXing One Lot Trading Summary (Sept 18, 2009)
China HongXing is swinging inside the channel, the channel support is between $0.215 and $0.22. If the price does not break this support level, the channel and uptrend is still intact and the price may go up to $0.27 & $0.28.
The one lot trading started at 10:08am testing $0.225 and later $0.22 for the whole day.
Jaya Holding is testing its 20D MA support at $0.47.