I believe that from a technical analysis perspective, we are likely to see an upward movement after observing an intense selling wave, followed by a strong impulsive wave that has formed Wave 1 (according to Elliott Waves). Currently, we are in the second wave (correction), and there is a high probability of seeing a strong rebound from these levels as Wave 2's structure is almost complete. From a fundamental analysis standpoint, based on my knowledge, the decline was due to manipulation by a WhatsApp group, which drove the price up to the 30s. The drop is not due to any financial statements or company fundamentals. Therefore, I expect a rebound, at least to the levels where the stock was trading when it was listed on the exchange on 2024/03/28.
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.