The following 3 things happened to this stock:
Gap
High Volume
Stock Split
This is a -50% gap.
The gap should be below the 200-Day Moving Average.
The gap should be below the 50-Day Moving Average.
Always use a candle stick chart pattern to see gaps.
The gap strategy is the easy strategy of the stock market.
Another thing about this stock is that it...
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#1-Because the company has a stock split
#2-Because it has gapped down
#3-Because it reported negative earnings 2 months ago
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You should consider short-selling this
stock ticker before it makes another big move down
if you know how to trade and you have done your research,
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only after you have at least 10 years of trading under your belt.
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Otherwise,...