WIthout considering the financial background of this company, I would not invest/trade in this stock.
1. We can see the price has already move from the support base of around 3.5-4.00
2. We are now 3/4 to the top and if reached it will form a triple top formation which is bearish
3. Question is we do not know how high will it goes before coming down for retracement. It can be below 8 or above 8 (triple top formation does not have to have all 3 price points on equal level to work)
Read somewhere insiders are disposing large amount of the shares, haha. WHY would they do that ? Something they know and we retail traders do not. If so, why are you walking into the trap? Hoping to buy high and price goes higher ?
There are better catches out there in the ocean
1. We can see the price has already move from the support base of around 3.5-4.00
2. We are now 3/4 to the top and if reached it will form a triple top formation which is bearish
3. Question is we do not know how high will it goes before coming down for retracement. It can be below 8 or above 8 (triple top formation does not have to have all 3 price points on equal level to work)
Read somewhere insiders are disposing large amount of the shares, haha. WHY would they do that ? Something they know and we retail traders do not. If so, why are you walking into the trap? Hoping to buy high and price goes higher ?
There are better catches out there in the ocean
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.