TradeMe has reached its peak. Selling.

NZX:TME   None
19 0

https://www.tradingview.com/chart/G2SlLZ...TradeMe is going to be acquired for $6.45 per share.

There have been extreme growth since November.
The price has reached a plateau and trading in the range.
Indicators are pointing out to overbought condition.
I do not believe in continuous and sustainable growth during economy crisis which is unfolding now worldwide.
Investors in TME should fix profits at some stage and will start picking up crashed stocks.

Entry: 6.3
Stop Loss: 7.1
Take profit: 5.5
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