We bought in and sold very early, this is a lesson on why you should (SOMETIMES) let your winners run and have your stop losses set up to safety net your losers.
Note the private idea I made earlier this week regarding mvis breaking out of its fibonacci retracement zone and how I used that to accurately predict this price spike with the volume and fibonacci indicators.
For our new expectations with this stock we could see a brief pull back to lower levels as retail traders find their exit from this trade and/or it just simply trades sideways and establishes a new price range.
Note the private idea I made earlier this week regarding mvis breaking out of its fibonacci retracement zone and how I used that to accurately predict this price spike with the volume and fibonacci indicators.
For our new expectations with this stock we could see a brief pull back to lower levels as retail traders find their exit from this trade and/or it just simply trades sideways and establishes a new price range.
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