Stocks in Positive Moods/Trends (that are Overbought)
1, Creative
2. Sino Grandness
3. Ifast
4. Delong
CREATIVE
...fell 7c to $6.59, from $7.00 High on Profit-Taking mid-day, having rallied too much too fast into Overbought Zone, with 1.1 mil traded @ 1.50pm.
Stocks that are OVERBOUGHT occasionally faced Sudden Profit-Taking or Correction if it "rallied too much too fast" followed by consolidation as earlier traders started to lock in their gains. Further upside or higher prices need to be driven by Positive News or Strong Good Fundamentals or its upside ascends can be short lived or are Not Sustainable.
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