Overreactions Lead To Opposite Reactions...
A lesson in over-reactions to positive news in the market, and BYND is no stranger to that.
I would exit this if you're long as the risk-reward on this shorter term isn't worth it.
Often times these announcements will pump the stock so high up that it creates a gap in the charts.
The gaps often need to fill to create healthy price structure. It's not ALWAYS the case, but it tends to happen. Traders know it, and that's why it happens.
Other technical indicators are screaming overbought. Daily candle with along upper wick is normally bearish, as is being over 70 on the RSI and Stochastic RSI.
I would exit this if you're long as the risk-reward on this shorter term isn't worth it.
Often times these announcements will pump the stock so high up that it creates a gap in the charts.
The gaps often need to fill to create healthy price structure. It's not ALWAYS the case, but it tends to happen. Traders know it, and that's why it happens.
Other technical indicators are screaming overbought. Daily candle with along upper wick is normally bearish, as is being over 70 on the RSI and Stochastic RSI.
註釋
Gap Filled As Predicted
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。