This could be risky but it’s also an obvious level. Stops below 10.25. Long 10.32 -10.35 area
This could open at 0 so that has to be a thing to consider Howver as long as this contiues a potential of a lower high double top look on the upside down chart, could this free fall to the upside?!? This is upside down so a free fall down would be going up if we flipped it.
The chart is ugly but it’s a money stock when it runs. Bears have been trying to short it to 0 and doing a great job. Howver is there steam running out ? Not sure but I’m taking this risk here as the stock market could be toppin I have noticed some strange trends between the HKD rallys on stock market tops. Is it a coincidence? Mabey but this is my trade and my idea. I’d give it a day or 2 to set up or keep stops tight. Good luck I hope we can make money. Keep eyes on 11$ and 14$ as those would be HUGE reistances
Also downside there is still a 9.46 low below where buyers could be sitting so we have to keep that idea as well.
This could open at 0 so that has to be a thing to consider Howver as long as this contiues a potential of a lower high double top look on the upside down chart, could this free fall to the upside?!? This is upside down so a free fall down would be going up if we flipped it.
The chart is ugly but it’s a money stock when it runs. Bears have been trying to short it to 0 and doing a great job. Howver is there steam running out ? Not sure but I’m taking this risk here as the stock market could be toppin I have noticed some strange trends between the HKD rallys on stock market tops. Is it a coincidence? Mabey but this is my trade and my idea. I’d give it a day or 2 to set up or keep stops tight. Good luck I hope we can make money. Keep eyes on 11$ and 14$ as those would be HUGE reistances
Also downside there is still a 9.46 low below where buyers could be sitting so we have to keep that idea as well.