SSNT - Key Levels and Analysis (REQUEST - I HOLD NO POSITION)
So the first thing I see is that it’s sitting right around a long support. It has been support since about Feb.
So if you look down to the MacD below, you’ll see the first green arrow where the macD crosses the centerline, and that is where the down trend started… what you’re looking for is where it crosses back UP above the centerline. (And most of the time that coincides with crossing above and below the 35EMA (the red line))
Once you’re above the centerline and above the 35EMA you want to see this cross up and hold above the purple line (180EMA) … that is about when I would feel bullish about this stock…
Now this is strictly from a technical standpoint and it doesn’t take into consideration any catalyst that might make this jump… but honestly I just stick to technicals and that works well for me…
Now if this falls… the next support is at 2.84 and that is the only place I would add (double if you can). Don’t haphazardly add when this dips. Only add at support levels and 2.84 would be the next one down…
—————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Technical analysis is the foundation. I like the way you look at it. What do you think about GOTU?
Googlesaur
⋅
You are a real one! Thank you so much for this, I appreciate all the help you do for this community.
SPYder_QQQueen_Trading
⋅
@Googlesaur, It's my pleasure!!! If you need help in the future let me know. ☺️ I love seeing people learn this stuff... 💃🏻 have an amazing night, my friend.
What do you think about GOTU?