CLOSE TRADE - Wing Tai 5 Feb 2014

Closed the Wing Tai trade on 5 Feb on the two bar count back. On 4 Feb, it already gap down and moved up, closed high and with high volume. It's already a sign that the drop is done and a bounce is eminent. And I am glad that I closed the trade early as the price continue to throwback, and with valid volume as well.

Actually a couple of property stocks that were severely sell down are experiencing he throwback currently. Now is the time to be patient and wait for the throwback to finish. Patience...

Overall, Wing Tai is still a top choice to short for me. I like the 50-200 SMA cross down. Now it just touch its support and bounce off. Buy popcorn and watch movie first.