RSI is still on the higher end and I'd like for it to pull back a bit before considering to take a position. The MACD is telling us that it could be going down at this very moment. In addition, I believe alot of daytraders (and investors) in general will take profit at the market opening, which is completely normal. Hence why I think the HLBZ will head down for until the level of 0.36 where the seems to be a resistance. Be careful because if it breaks down too far from that level, we could see it go even further down, but I doubt it. Once it has bounced from the 0.36 level, I'd put two price targets. First one at 0.54, and the second on 0.65.
Do I think it will end there? I don't know, but I can't stress it out important it is to stick to strategies during these extremely volatile stocks. You don't want to be the one left out drowning, so trade responsibly.
It's been a while since my last TA, let's see how rusty I've become.
Cheers!
Do I think it will end there? I don't know, but I can't stress it out important it is to stick to strategies during these extremely volatile stocks. You don't want to be the one left out drowning, so trade responsibly.
It's been a while since my last TA, let's see how rusty I've become.
Cheers!
Trade closed: target reached:
Reached my first target. Cashed out a bit earlier but still good to see it got rejected around the first target
