BUY
- AVOID but
- Buy above 5.11 and plan to hold long with tight SL (not recommended)
- Recovery in Nasdaq might help to boost the stock price in short term but the stock is in overall weakness for the last 26 days
- More time is needed above 5.11 for a proper base to be formed – confirmation is needed around 6.25 and 6.57
SELL
- Make a tight SL above 5.11
- Better, make the SL around 4% - assume one buys at 5.55, the SL is 5.32
RATIONALE
- Technical rebound
- I’d personally avoid any tech stocks for time being due to weaknesses in growth stock
- powell is very much like musk in crypto – their words weigh too much on the sentiments
- however, it can still be bought for investment (DYOR)
- OR
- punting purposes (tight SL)
**the analysis is solely for my own references and learning
- AVOID but
- Buy above 5.11 and plan to hold long with tight SL (not recommended)
- Recovery in Nasdaq might help to boost the stock price in short term but the stock is in overall weakness for the last 26 days
- More time is needed above 5.11 for a proper base to be formed – confirmation is needed around 6.25 and 6.57
SELL
- Make a tight SL above 5.11
- Better, make the SL around 4% - assume one buys at 5.55, the SL is 5.32
RATIONALE
- Technical rebound
- I’d personally avoid any tech stocks for time being due to weaknesses in growth stock
- powell is very much like musk in crypto – their words weigh too much on the sentiments
- however, it can still be bought for investment (DYOR)
- OR
- punting purposes (tight SL)
**the analysis is solely for my own references and learning
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.