Bullish hammer on the daily today. The wick held the 50% fib and reclaimed yesterdays low at the close.
Robinsito
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What do think will happen? Should I buy more or sell my lucid stocks?
ir-rizzle
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@Robinsito, i don't know what will happen, this game is just probabilities.
Buying or selling will depend on what your personal risk appetite is and your average cost. If you're holding a bag from 50+, that's different from if you bought at 20 in October. From an elliot wave perspective the price is within a wave 4, so above 33 i would be bullish. Just keep in mind nobody has a perfect track record, the markets do what they want.
Robinsito
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@ir-rizzle Thank you for your reply. I bought at 39 but I will hold for a couple of months.
ir-rizzle
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@Robinsito, considering the move today i think you're ok. Just keep a tight stop, either 35 or 33 depending on your risk appetite.
Robinsito
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I'm scared if it's a descending triangle and it goes down. I'm not that good at stocks and analysing them but I'm only 13...
TomDen1
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@Robinsito, If you are really a 13 yr young kid playing stocks, then I applaud you!!! Not many kids your age if ANY are playing stocks and making money(which I hope you are). Please stick with it and learn AS MUCH as you can at a young age so your future will be bright!!! Follow good people who give out good advice and learn from them. Keep on keeping on brother!!!