SMMT. Just sell Short

NASDAQ:SMMT1W

Summit Therapeutics Inc.NASDAQ

Description

⋅ Dec 7, 2022 12:15 PM

Extremely overbought. We are leaning towards selling. What do you think?

Fibonacci

Comments

Blue_Collar_Trader

⋅ Dec 14, 2022 5:50 AM

oh so wrong... you tried to "guess" the price action. Follow the price action. Don't predict it.

Gethodl

⋅ Mar 17, 2023 8:33 AM

@Blue_Collar_Trader, Friend, we have come to the designated level

Blue_Collar_Trader

⋅ Dec 14, 2022 5:51 AM

I've seen stocks run for weeks in overbought conditions... RSI through the roof, way outside VWAP and Bbands - just kept running like Gump. Check CRON chart from 2017 I think it was. One of many.