weensNbeans

APHA - major support level broke

NYSE:APHA   None
$3.52 was a solid support level and was snapped like nothing.


I expect the sector to continue its dip and a lot of companies to retest previously established bottoms. Unfortunately, I don't think a majority of those bottoms will hold.
Comment: $4.52 rather

Comments

support it buy buying more! hold the line! just keep averaging down until the current price is above your average!
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weensNbeans Chasing_Tendies
@Chasing_Tendies, that's how you end up being a major bag holder.

This sector is in major flux for the next few years. And while I think APHA will be one of the winners, I'm not willing to lose money on it.
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Chasing_Tendies weensNbeans
@weensNbeans, sadly im already packed with bags, just keep averaging down. i was but a fool when i sold the shares for a 100% gain and immediately bought/FOMO'ed back in 1 week later. only to catch the bubble pop
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weensNbeans Chasing_Tendies
@Chasing_Tendies, sorry to hear that.

Been there and learned from that!

Rule #1: zoom out (TA doesn't guarantee anything...look at more than the chart)
Rule #2: set stops
Rule #3: take profits (always)
Rule #4: just because you didn't catch the bottom, doesn't mean you can't make money.

There are plenty more.
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Chasing_Tendies weensNbeans
@weensNbeans, yeah i'm a recently new trader <2 years, but i have learned a lot. been using stop sell orders a lot. also been getting into options and might I say that these SPCE tendies are looking extra fine today :)
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