* Initial peak at the end of 2021
* Sharp retrace (automatic reaction) followed by quick rally into the secondary test
* Sharp fall again on most bearish volume in that period
* Long phase B of about 12 months
* Down moves so much quicker than the up moves
* Distribution occurring through this period
* Ultimate high in April 2022 forming an upthrust after distribution
* Very weak retest to complete Phase C
* Rapid decline in price from $57 to $37 approx in Phase D sell off
* One last rally to $47 approx
* Back up to the creek and upthrust to complete Phase D
* We should now start the Phase E mark down.
* P&F target is $10, conservative target $21
* This is my analysis of the stock. DYOR before making trades.
* Sharp retrace (automatic reaction) followed by quick rally into the secondary test
* Sharp fall again on most bearish volume in that period
* Long phase B of about 12 months
* Down moves so much quicker than the up moves
* Distribution occurring through this period
* Ultimate high in April 2022 forming an upthrust after distribution
* Very weak retest to complete Phase C
* Rapid decline in price from $57 to $37 approx in Phase D sell off
* One last rally to $47 approx
* Back up to the creek and upthrust to complete Phase D
* We should now start the Phase E mark down.
* P&F target is $10, conservative target $21
* This is my analysis of the stock. DYOR before making trades.
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.