The other day it bounced off a supporting fib, and the moving average, but got rejected from the fib above.
Could move sideways between the two fibs, but eventually break out again.
You can see some days had wild movement, so buy the support, and set a nice sell price and hope it's randomly touched.
This company fundamentally looks terrible to me, a small cap con burning millions of dollars. So it's not something I'd like to hold, outside of chart trading.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Could move sideways between the two fibs, but eventually break out again.
You can see some days had wild movement, so buy the support, and set a nice sell price and hope it's randomly touched.
This company fundamentally looks terrible to me, a small cap con burning millions of dollars. So it's not something I'd like to hold, outside of chart trading.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!