A highly manipulated stock; suitable for FIFO- went through a long period of consolidation
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should avoid such stock regardless of the possibility of earning fast money - especially newbies
- experienced traders should be able to identify the entry at 270 regardless of the fundamentals of the stocks
**this analysis is solely for the reference of mine
