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fightingdragons
May 11, 2021 2:32 PM

TOPGLOV: Decline to $3.50 Short

TOP GLOVE CORPORATION BHDMYX

Description

Repeating pattern

- Rising wedge (bearish)
- Breakdown from wedge = sharp fall
- Technical rebound (yellow box)
- Sharp fall continues/intensifies

Trade closed: target reached

Target reached but is there further downside?
Comments
kelvinipad527
It break up sial hehhe
fightingdragons
@kelvinipad527, another rising wedge to trap retailers. Broke down down from the new rising wedge already. Smart money still wants to distribute at higher price and high local covid case provides retail demand
fightingdragons
@kelvinipad527, target reached.
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