SCTY has held this trendline since it started trading. Today is the 4th test of it in the past 5 sessions. Previous tests have rebounded much stronger. MACD trending down strongly. If this line breaks (possibly in conjunction with the overall market getting weaker), could be huge downside. A rebound in the overall market could breathe some life into this level, but I'm not convinced it will hold.
I actually think SCTY has a bright future (no pun intended) as a company, but a breakdown here could spell disaster in the mid-term for the stock.
ความคิดเห็น
damdaman
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Not looking great here. First close ever below the line. Could be a false breakdown, but I'll be looking for a rally back up to the trendline to short this, as the trendline may turn into resistance.