- The recent sell-downs were extremely brutal - Lower lows are obvious – swing traders and scalpers might be able to profit from the swings - The two green candles which touched the lower trendline at around 545 should be the indicator of selling it due to their long upper shadows - One should avoid such stock at all cost
**This analysis is solely for my own references
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UPDATE
- touch the support at 110 and rebounded - unless there are strong confirmations from volume and bullish engulfing, the strong sell-down is a THING to be always considered as a warning
Bleed till the end..thanks..Lets jump in with minimum downside risk
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@Heil_Z, yupp if one is able to bear with the risk, the range should be quite safe and like you said, minimum downside risk and who knows one slides down and another rocket to the moon ehh