- went through a long period of consolidation
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should avoid such stock regardless of the possibility of earning fast money - especially newbies
- experienced traders should be able to identify the entry at 270 regardless of the fundamentals of the stocks
**this analysis is solely for the reference of mine
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should avoid such stock regardless of the possibility of earning fast money - especially newbies
- experienced traders should be able to identify the entry at 270 regardless of the fundamentals of the stocks
**this analysis is solely for the reference of mine
Nota
UPDATE - stock has gone back to 450
- if it's able to consolidate around this range - this stock is still able to be traded from a TA perspective
- FA wise, no comments as I've yet to go deep into their business model and QR/AR reports
Nota
chasing high kills, twice
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.