- went through a long period of consolidation
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should avoid such stock regardless of the possibility of earning fast money - especially newbies
- experienced traders should be able to identify the entry at 270 regardless of the fundamentals of the stocks
**this analysis is solely for the reference of mine
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should avoid such stock regardless of the possibility of earning fast money - especially newbies
- experienced traders should be able to identify the entry at 270 regardless of the fundamentals of the stocks
**this analysis is solely for the reference of mine
Anmerkung
UPDATE - stock has gone back to 450
- if it's able to consolidate around this range - this stock is still able to be traded from a TA perspective
- FA wise, no comments as I've yet to go deep into their business model and QR/AR reports
Anmerkung
chasing high kills, twice
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.