Bottom Fishing
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Bad news on medicare reimbursemnt. Ouch!
No recommendation.
Event patterns happen in the market, be it related to earnings, analyst downgrades or bad news. Research shows almost half bottom within one week. The security is usually trending down before the actual event (almost like smart money already knows what is coming )o:
Bottoms can be hard to trade and beware of the dead cat bounce. The dead cat bounce is an event pattern where price makes a dramatic decline, bounces up, only to decline at a more leisurely rate. If you own the security in question,it can be best to wait for the possible bounce up that will often break through the prior gap down to sell.
The gap down can become resistance.
No recommendation
The bottom is not always the bottom )o:
No recommendation.
Event patterns happen in the market, be it related to earnings, analyst downgrades or bad news. Research shows almost half bottom within one week. The security is usually trending down before the actual event (almost like smart money already knows what is coming )o:
Bottoms can be hard to trade and beware of the dead cat bounce. The dead cat bounce is an event pattern where price makes a dramatic decline, bounces up, only to decline at a more leisurely rate. If you own the security in question,it can be best to wait for the possible bounce up that will often break through the prior gap down to sell.
The gap down can become resistance.
No recommendation
The bottom is not always the bottom )o:
Nota
I like looking at the 3 year weekly to find where a drop this drastic may find support.Examples Dead Cat Bounce: ACAD was pounced on by the cat recently, SRPT a few months ago.
I am sure there are many more examples.
Nota
Another issue with bottoms is to figure out if anyone is answering? lol
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.