I drew these daily fib levels back in September, and it looks like the 256.5 level held up in the dip. If it breaks, that will be a worrying sign of weakness. Already on a path to recovery back to the 300s though. Holidays may add a nice bump end of year, we'll see if its enough momentum to bring it back.
Due to outbursts from the founder, crushing dreams of ant financials IPO, and uncertainty around seemingly random government clamp downs, the stock has fallen like a rock in the last week. Largest weekly drop since it's gone public on the NYSE
Im holding for another week or so, but will look to exit if it doesn't show signs of recovering. Great company but this...
Healthy bounce off daily fib levels (0.5) and we would be all set to stay on course with enough upward momentum. Earnings may help this soon, plus they can't keep up with supply... which is an amazing problem as a chip maker
Uptrend rising wedge pattern forming on the daily, with rough performance lately on this stock... against all odds. A bit of a stretch on this formation, but if the levels hold, we could see a bigger retracement lower, before going up again. I'm bullish on this company - but in the short term we may have to endure some retracing.
Investment strategy would be...
Looks like a good short will play out throughout the day as the price breaks below. Also head and shoulders forming a bearish reversal. Tie that in with some fed p u m p s and we may have a good day shorting gu
