I will short trade
CHSN today if it started to rise after open, here is my reason:
1. Market maker sold out:
the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker.
2.Negative news:
SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities.
3.Huge remained short volume
Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume.
Therefore I will short trade it tonight if it follow my expectation.
1. Market maker sold out:
the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker.
2.Negative news:
SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities.
3.Huge remained short volume
Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume.
Therefore I will short trade it tonight if it follow my expectation.
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.