GKENT make or break

I have been following Gkent since last week. Last week I bought 2 lots at 3.70 and sold it at 3.89 for some small profit.

Today morning at 9:30am I am thinking of my decision at what price I am going to bid. 3.80 or 3.85?

At the moment the daily period price is consolidating for a week and I believed the price will go up soon. But at what price do I want to buy? As I am writing now the Sell is at 3.86 while the Buy is at 3.84. I believed the price will go down nearing 3.80 but I'm not too sure... I don't mind buying at 3.85 actually.

Yes, at 9:39 the Sell has gone down to 3.84. I think there is a some people who are trying to sell their shares fairly quickly. Panic? Not sure.

But actually I am a bit worried about this share. Since 1st Dec 2016 at the Support Level 1, the price has gone beyond Resistance Breakout which was formed during consolidation period of 6th Jan until end of Jan 2017 at 3.05 and now 3 months later, the price stands at about 3.85. This is about 29% price appreciation. The momentum makes me nervous. Anytime soon there will be a pullback price.The price hike is too dramatic for my liking and the kind of trade that I try to avoid.

Just now, in between writing this article I managed to buy 1 lot at 3.85 with the intention of buying 1 more at 3.80 for a price averaging of 3.825. Now the Sell price is 3.88 and buying 3.87 at 9:58am. 3 sen appreciation during those few minutes.....

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