The stock has perfectly fit into the Bearish Shark Harmonic pattern and also the Parabolic Curve seems to have been achieved.
Now the question is what would be the level it would correct to ?
Based on the Parabolic Curve, It should take support between Base 4 and Base 3 however, if the Bearish Shark pattern lives up to its name then a stronger correction would be expected.
Lets wait and watch.
Now the question is what would be the level it would correct to ?
Based on the Parabolic Curve, It should take support between Base 4 and Base 3 however, if the Bearish Shark pattern lives up to its name then a stronger correction would be expected.
Lets wait and watch.
Nota
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
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.