Dont think we see more downside, chop in-between range
Shineco stock gapped up this morning from news of them releasing a cannabis sector for their business. Shs Float is sitting at 16.39M with marketcap at 28.38M. We will be watching this stock for a continuation play tomorrow! Watch my full video review for $TYHT by using the link in my signature description!
TYHT Poised for an afternoon sell-off! Here is my set up and thesis: MACD stumbling around the average, The price is bullied up 30% today, well above 100 and 200 day MA's. RSI is showing overbought at value=70 Entry: 3.64 Add if goes to 3.7 SL 3.83 TP 1: 3.52 (40% position) TP 2: 3.45 (50% posiotion) TP 3: 3.23 (10% position) Good luck, happy Friday!