this is gonna be interesting.
RSI suggests that it SHOULD go down, BUT I do think this thing is gonna break up.
it is because RSI is showing a divergence, a thing that seems to be faked in the last months.
there is also the Head and Shoulder figure, which is usually a trend reversal pattern, BUT I think this thing can be pumped up.
and I say so because most of the signal seems bearish, which is (for me) a "short" trap.
if you want to win against shorter, you have to pump the stock, so the shorter will buy in as long. then you dump it.
again, I JUST THINK this will go up, not sure 100%, but I would bet on it a bit.
I am actually gonna try to buy this thing when it will crash to the lower support if it will, at the end of the H&S.
($40?)
RSI suggests that it SHOULD go down, BUT I do think this thing is gonna break up.
it is because RSI is showing a divergence, a thing that seems to be faked in the last months.
there is also the Head and Shoulder figure, which is usually a trend reversal pattern, BUT I think this thing can be pumped up.
and I say so because most of the signal seems bearish, which is (for me) a "short" trap.
if you want to win against shorter, you have to pump the stock, so the shorter will buy in as long. then you dump it.
again, I JUST THINK this will go up, not sure 100%, but I would bet on it a bit.
I am actually gonna try to buy this thing when it will crash to the lower support if it will, at the end of the H&S.
($40?)
Comment:
looks like I did not consider the bear to gain a bit in order to make more of them to go short. today was the first squeeze, and in the following days we are gonna see another fake short, $2 down I guess, and then up again 10% or more, pointing at the top of the closing pennant