This thing is bound to go red and hard. This is one crazy chart and once the profit taking starts. Its gonna be crazy!
ความคิดเห็น
⋅
Original post was 4/17/19, Here we are at 4/21/19 down roughly 16.5% from my original point at what I believe to be a crucial level. Aciton is now at the right shoulder break or rebound point. Keep this on close watch if this rebounds and makes its move to higher highs or breaks the level and moves towards its next level of support at around $2 and 1.57.
Good luck and safe trading!
ความคิดเห็น
⋅
Sorry. Correction from down 16.5% to actually down just shy 19%
ความคิดเห็น
⋅
Folow up to previous updated comment. as mentioned that it could break or rebound, this rebounded of support beautifully and with force off the shoulder break line at 21%.
ปิดการเทรด ด้วยตนเอง
⋅
This actually worked out beyond my expectation. Rode the short for a 13% gain. Went bullish when it forcefully bounced off of support and made an entry which I have no cashed out of for 30%. All in all it was a gain of roughly 44% on both sides of the trade. This could go blue sky but I am out and happy!
ความคิดเห็น
⋅
Very happy with this trade and not hoping for blue sky. Always take profit.
@TogiGaspar, I dont know about that. Neutral for me. Could go either way. Id lean Bearish myself but I love shoulder rejections.
dafster17
⋅
@dafster17, Sick rejection this morning after a fake breakdown. Nice call on the bullish. after the 30% total pullback.
riveringvegas
⋅
People are afraid of what they don't understand. It's ok. Watch and learn.
dafster17
⋅
@riveringvegas, Afraid of what I dont understand? I took a look at the price action and felt a significant pullback.
A1CH3M157
⋅
I'm not so sure I agree with that statement. Nothing is bound to do anything. With that aside, the stock is ramping for factual reasons that should not be overlooked. This is not a hype push like tilray.
DGZWD3333
⋅
where are the technicals? all I see is a picture of a stock going up.
dafster17
⋅
@DGZWD3333, Didnt feel a need to post any technical s. I made my observation off of Price action alone which is all I need at times.
check the top comment. the squeeze has only just begun.
I understand your thesis, but knowing the short interest, I would not step into this thing trying to nail the top. the losses can add up very quickly on a low float high demand stock.
dafster17
⋅
@DGZWD3333, Thanks for the heads up. I closed position at a 13% gain. I play it safe always. Actually road the rally after. It was an observation at the time. It played out in the short favor short term and held support with ease and redounded nicely. I did mention in my updated comment that it could go either way and break or rally. It decided to rebound and rebound aggressivy and beautifully. I play the swings and monitor them with detail to protect my capital. This turned out to be a double play on both sides!