RYAAY struggled at the highs and now is breaking down, will it be a standard 20% cut and then consolidation? maybe. I want to buy lower because it gives the counterbounce more space before hitting the previous highs.
Timing = 1 ( i think the overall market is in consolidation and overextended selloff are more likely)
Volume = 0 (the volume has been big on this selloff so it has force behind it)
Group strength = 0 (the airlines seem to be weak at the moment, it would make me thing the counterbounce could be weaker then normal)
Entry = 1 (if the stock falls below 90$ within a short time the selloff would be overextended)
Fractal = 1 (Fractal supports a consolidation or breakdown at this time)
Timing = 1 ( i think the overall market is in consolidation and overextended selloff are more likely)
Volume = 0 (the volume has been big on this selloff so it has force behind it)
Group strength = 0 (the airlines seem to be weak at the moment, it would make me thing the counterbounce could be weaker then normal)
Entry = 1 (if the stock falls below 90$ within a short time the selloff would be overextended)
Fractal = 1 (Fractal supports a consolidation or breakdown at this time)
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.