The company we're looking at seems to be doing well, but let's not get too excited just yet. Here’s a simpler look at what’s happening:
What the Charts Say: The RSI, which is a fancy way of saying how fast the stock price is moving, is at 83. This is usually a sign that the stock price might go down soon. In the past, when this number got really high, the stock price often fell by half or even more. So, even though the company looks good, it might be a good time to sell some shares and make a profit.
What Might Happen Next: We're seeing some signs that tell us the stock price could drop a little, maybe to around $0.7, before it might go up again to somewhere between $2.5 and $3. But right now, the stock is very popular, maybe too popular, which can make it hard for its price to keep going up.
Being Careful: The charts also show that people are getting very excited about this stock, maybe too excited. It's important not to get too greedy and think you can make a lot of money without any risk. If the price goes down, remember, you can always buy the stock again later.
Patterns in the Price: The way the stock price has been moving looks like it might go down about 60% soon. But, there's also a pattern that suggests the price could go up to $3 by June if things in the economy get better.
Thinking About the Big Picture: It’s not just about the charts. We should also think about how the company is doing, like if it’s making money and how it stands compared to other companies. This helps us decide if it’s a good idea to invest in the stock.
What to Do:
With all this information, it might be smart to sell some of your shares now to avoid losing money later. But keep an eye on things because there could be a good chance to buy more shares at a lower price. Remember, it's important to not put all your eggs in one basket, which means don’t invest all your money in just this stock. And, always have a plan in case things don’t go as expected.
I'm not a financial advisor, so it's important to do your own research or consult a professional before making any investment decisions.
What the Charts Say: The RSI, which is a fancy way of saying how fast the stock price is moving, is at 83. This is usually a sign that the stock price might go down soon. In the past, when this number got really high, the stock price often fell by half or even more. So, even though the company looks good, it might be a good time to sell some shares and make a profit.
What Might Happen Next: We're seeing some signs that tell us the stock price could drop a little, maybe to around $0.7, before it might go up again to somewhere between $2.5 and $3. But right now, the stock is very popular, maybe too popular, which can make it hard for its price to keep going up.
Being Careful: The charts also show that people are getting very excited about this stock, maybe too excited. It's important not to get too greedy and think you can make a lot of money without any risk. If the price goes down, remember, you can always buy the stock again later.
Patterns in the Price: The way the stock price has been moving looks like it might go down about 60% soon. But, there's also a pattern that suggests the price could go up to $3 by June if things in the economy get better.
Thinking About the Big Picture: It’s not just about the charts. We should also think about how the company is doing, like if it’s making money and how it stands compared to other companies. This helps us decide if it’s a good idea to invest in the stock.
What to Do:
With all this information, it might be smart to sell some of your shares now to avoid losing money later. But keep an eye on things because there could be a good chance to buy more shares at a lower price. Remember, it's important to not put all your eggs in one basket, which means don’t invest all your money in just this stock. And, always have a plan in case things don’t go as expected.
I'm not a financial advisor, so it's important to do your own research or consult a professional before making any investment decisions.
Comment:
Yesterday, I closed my position and opened a short position. I plan to close this position at $1.05, aiming for a 300% profit. :) The lesson to learn here is that women lie, men lie, but the chart never lies. Also, keep in mind that most stocks that rise before earnings often indicate poor earnings results
Trade closed: target reached:
Congratulations, my dear followers! We've gained a ton of profit; thank you for staying with me. My current focus is on Plug Power stock. You can consider going long here; once the order block hits, my entry will be at $0.68, with a stop loss at $0.65, and the take profit (TP1) at $0.93