Given the market situation in this period I see this stock short.
Since it has a very high market capitalization, when it goes down it will also drag the index itself. I think it's a good time to go short when MACD and Stochastic converge on the signal. At the moment I see an accumulation phase with a small rise in the next few days to take some stop loss, so probably bull trap.
My analysis is due to the fact that the turnover will also drop because now people more than buying products surely have other primary goals.
THIS IS NOT AN INCENTIVE FOR FINANCIAL INVESTMENT. MY TECHNICAL/FUNDAMENTAL ANALYSES ARE SIMPLE MARKET CONSIDERATIONS.
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Since it has a very high market capitalization, when it goes down it will also drag the index itself. I think it's a good time to go short when MACD and Stochastic converge on the signal. At the moment I see an accumulation phase with a small rise in the next few days to take some stop loss, so probably bull trap.
My analysis is due to the fact that the turnover will also drop because now people more than buying products surely have other primary goals.
THIS IS NOT AN INCENTIVE FOR FINANCIAL INVESTMENT. MY TECHNICAL/FUNDAMENTAL ANALYSES ARE SIMPLE MARKET CONSIDERATIONS.
Comment on your ideas, follow me for further analysis.
Thanks!