1- CCI 20 is below 0. (Bearish ) 2- Beak down the resistance. ( little bearish ) 3- The red line is below the White line of “ACL” (self-made indicator) .( super Bearish ) (ADL indicator) 4- "Multi analyzer" (self-made indicator) is downtrend and is -4 right now. ( bearish ) 5- Close is below the red and white line ( Bearish ) 6- Mid-term channel (LR of 9months) is ascending (Bearish ) 7- Long-term trend is sideway (sideway ) 8- In bottom half of Mid-term channel ( bearish ) 9- around middle of channel ( little bearish ) Overly , Bears are stronger Buying is not suggested right now, 2$ may be a fair price! We should talk about it later. Buying is also suggested after breaking the resistance around 5.95$
Short SL: 5.8 TP1 : 2 TP2: depend on the setup (I will clarify later)
Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically) Fair Price to Intrinsic Value: 3.05 To summarize my fundamental opinion on this stock: So bad ( a Super bearish)
In case of good stocks I prefer to be an investor not a trader, but trading with lower Trading with smaller amounts can increase the overall profitability without any unreasonable risk.