16 things to know about this stock!
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working well.
2. Globally downtrend locally uptrend.
3. The level is confirmed by many false breakouts.
4. Near test, but we see a pin bar on the last day
5. Approached with big bars
6. Approached with no rollbacks
7. There is accumulation in from of the level, but I still see this as a short because of the pin bar
8. there was not a rollback on the way up
9. closed under the level
10. level of a gap
11. there is enough room for a move 1 to 5.1
12. there is a model ascending lows *which is against short idea*
13. no news for the last 10 days
14. the price came from below
15. the stock has a good potential for a big move down
16. no report in the following 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find my work valuable, please, press a thumb up! 👍
1. Price levels are working well.
2. Globally downtrend locally uptrend.
3. The level is confirmed by many false breakouts.
4. Near test, but we see a pin bar on the last day
5. Approached with big bars
6. Approached with no rollbacks
7. There is accumulation in from of the level, but I still see this as a short because of the pin bar
8. there was not a rollback on the way up
9. closed under the level
10. level of a gap
11. there is enough room for a move 1 to 5.1
12. there is a model ascending lows *which is against short idea*
13. no news for the last 10 days
14. the price came from below
15. the stock has a good potential for a big move down
16. no report in the following 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find my work valuable, please, press a thumb up! 👍
Penafian
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