HIGH RISK STOCK ALERT
This is my idea, it’s been a falling knife, but so far off the 13.17 low, we got a bounce. Where did we reject? The first box of reistance at 16$ which held up price for a bit before next lef down. First goal would be to break 16$ and confirm support.
For now I’m watching that level but looking at smaller time frames there was a smaller channel sideways range from low 13.16-14$ even. Mabey we will backtest 14$ and if we can bounce off that looking for another test of 16. If we can reclaim 16$ , the next box reistance for me is 17.70- 18.60. 18.60 is where we wicked to before buying all the way back to the key support for me in general.
The key support for me which now can be HUGE REISTANCE is 21.20-21.70 zone .
Before this dip to 13$ low, we ranged from 22$-21.20. This was a sideways action that caught and trapped a lot of ppl. Anything above 22.50 as a close and confirmed hold, could be the safest lonf
Overall recap, bounce could be coming in soon, this is super high risk and can plummet to new lows at any minute. This is a nonfund mental stock that is super volatile and huge risk, practically a gamble, but with levels marked and in mind we can do this smart with low risk. Do not hold for “the moon” if anyone tries this today. Be cautious of any new low breaks. Good luck, there are stronger Stocks out there this is just my idea
This is my idea, it’s been a falling knife, but so far off the 13.17 low, we got a bounce. Where did we reject? The first box of reistance at 16$ which held up price for a bit before next lef down. First goal would be to break 16$ and confirm support.
For now I’m watching that level but looking at smaller time frames there was a smaller channel sideways range from low 13.16-14$ even. Mabey we will backtest 14$ and if we can bounce off that looking for another test of 16. If we can reclaim 16$ , the next box reistance for me is 17.70- 18.60. 18.60 is where we wicked to before buying all the way back to the key support for me in general.
The key support for me which now can be HUGE REISTANCE is 21.20-21.70 zone .
Before this dip to 13$ low, we ranged from 22$-21.20. This was a sideways action that caught and trapped a lot of ppl. Anything above 22.50 as a close and confirmed hold, could be the safest lonf
Overall recap, bounce could be coming in soon, this is super high risk and can plummet to new lows at any minute. This is a nonfund mental stock that is super volatile and huge risk, practically a gamble, but with levels marked and in mind we can do this smart with low risk. Do not hold for “the moon” if anyone tries this today. Be cautious of any new low breaks. Good luck, there are stronger Stocks out there this is just my idea