ZombieStar

CIDM high risk

Long
ZombieStar Updated   
NASDAQ:CIDM   None
From the headlines today, "Deal with China’s #1 Theme Park and Children’s Media Company Brings Thousands of Hours of Top-Rated Programming to American Audiences."

High risk and high reward play. Currently at support. Also, the bottom indicators has red bars; It typically means that there is a lot of pressure above and below (from all sides) on the price. The price remains pressurized this way until people give up. When people give up, they take down their limit orders and do market order exit. After this, the price goes up.
Comment:

The green circle is what I am referring to when I say "red bars"
Comment:

on KODK, although this was an extreme case where the duration of the red bars were longer.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.