RCON has been on my radar ever since its 1000%+ Rally in Late 2020 & into 2021. Recon Technology Ltd. is a technology / hardware company based in China. RCON is pretty much a micro-cap company, but can offer a huge run-up.
RCON has gained my attention recently as it has done a few things.
1) Daily Breakout over 9-21 ema clouds (first time since March '22)
2) Seasonality ~ RCON Tends to heat up during Late-Year to early Year of the following year!
3) TTM_Squeeze on Daily, Weekly & Monthly All signaling oversold, and bullish momentum incoming
4) RCON loves to do huge 1000%+ Runs
Weekly Ema Tests are coming soon and this stock could go absolutely parabolic.
I am not posting this for you to buy in this idea..
I am posting this for the idea for you to keep! This should be on your radar, and I felt like I should share it, as its possibilities.
Thesis : RCON Breaks some levels, thing could go parabolic.
I am not in yet, and I will be patient, but putting an amount I feel comfortable losing could be a smart idea on this Risky Investment idea.
RCON has gained my attention recently as it has done a few things.
1) Daily Breakout over 9-21 ema clouds (first time since March '22)
2) Seasonality ~ RCON Tends to heat up during Late-Year to early Year of the following year!
3) TTM_Squeeze on Daily, Weekly & Monthly All signaling oversold, and bullish momentum incoming
4) RCON loves to do huge 1000%+ Runs
Weekly Ema Tests are coming soon and this stock could go absolutely parabolic.
I am not posting this for you to buy in this idea..
I am posting this for the idea for you to keep! This should be on your radar, and I felt like I should share it, as its possibilities.
Thesis : RCON Breaks some levels, thing could go parabolic.
I am not in yet, and I will be patient, but putting an amount I feel comfortable losing could be a smart idea on this Risky Investment idea.
Dagangan aktif
Trimming some here near the $1 level. Position up around 80%
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.