Hi, I also follow Burry {he shut tweets down again lol} ,anyway, I was wondering why you picked that time frame price to sell,what's your thoughts behind that? Thanks.
nsprph
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@RainerRocks, It is Just estimated using previous move up and that gave me a range of when this move should end- it is just an estimate. Once in the sell time period one can use other TA to narrow it down or if no signal then keep moving the stop up.
RainerRocks
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@nsprph, I have several sell levels, $3.99 area is first one ,lots of bears there from previous sell off,so be very careful there and take profits if it dips,you can always join back in using profits.. If it doesn't sell and bulls take control @ $3.99 zone then the next sell level is the $5.15 zone,bears stacked there too ,bears suckered bulls into the $5.15 area after that huge dip,bulls thought dip was done,but bears ate them up again . Next is $7.06 and then $8.03 and $10.20. Also, I'm not too sure this run up will hold,if it stays above the $2.30 to $2.45 range for a few days then we could have another run up to that $3.99 zone I mentioned ,if not,then back to $1.75 before the real run up starts. Goodluck.
nsprph
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@RainerRocks, Thank you for providing your levels and yes good luck to you too.
RainerRocks
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@nsprph, Thanks you too, just check the levels out on the chart,especially that $3.99 and $5.15
It's all about " Distribution and Accumulation " that's what the Whales on Wall Street do,they scare traders into selling and they " Accumulate " your shares on the way down at cheap prices while shorting, then they " Distribute " them on the way up selling at higher prices to traders while going long. Look up " Distribution and Accumulation " ,youtube has some good explanations on it.