I think that we all agree that this stock is shitty and catching a fallen knife is not a good idea. However if you would like to do a speculative trade this is an attractive option.
The stock has just touched 12.36 level (20 x 0.618). Let me do the math for you:
All time high: 48.99
48.99 / 12.36 = 3.963
Current low: 3.97
In addition to this the price has just touched a bottom of Gann fan .
I believe that short sellers will be fearful to sell at this price and we'll see a pull back. I don't know the exact PT, since the stonk is shitty, but I feel that it would be at least 50% up.
The stock has just touched 12.36 level (20 x 0.618). Let me do the math for you:
All time high: 48.99
48.99 / 12.36 = 3.963
Current low: 3.97
In addition to this the price has just touched a bottom of Gann fan .
I believe that short sellers will be fearful to sell at this price and we'll see a pull back. I don't know the exact PT, since the stonk is shitty, but I feel that it would be at least 50% up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.