Looking at this with a long perspective in Log scale, it seems rather obvious that we're in an overbought area where we need a correction.
Previously we've seen large correction the years following such a peak, but is this time different? Maybe, but surely not before a correction of 30-40% from the top, then it might bounce up quickly and set a new trend, who knows?
Yet, learning from the trend, I've made my guess on the future of this stock, not knowing anything about their fundamentals or their pipeline.
Currently I would sit back and wait for a better entry point if you're interested in jumping on the train.
This has been a quick look, and always do your own DD.
Happy trading.
Previously we've seen large correction the years following such a peak, but is this time different? Maybe, but surely not before a correction of 30-40% from the top, then it might bounce up quickly and set a new trend, who knows?
Yet, learning from the trend, I've made my guess on the future of this stock, not knowing anything about their fundamentals or their pipeline.
Currently I would sit back and wait for a better entry point if you're interested in jumping on the train.
This has been a quick look, and always do your own DD.
Happy trading.
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.