Why look for trend? Let use MSTGOLF as example A new born baby aka IPO.
Gotta intact with uptrend line (blue) to go higher.
MACD was DC (death cross) a moment later after price broken the uptrend line. If reluctant to sell, bear the risk of losses when the first LH was formed.
Price unable to withstand within the parallel channel and broken one more time.
If still don't want to minimize loss, then bear the loss up to -26% or more.
Market always go follow bull or bear, up or down.
Find the way to recognize the trend. As trend is our best friend.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
