A 9 months bottom building was followed by a stormy rise and almost tripled prices.
This rise was to fast and could not digested by the market, i.e. it was followed by an also fast retracement down.
Now the market may be in an equilibrium and we can have a closer look to the long term picture.
Since 2014 the stock has lost over 97 % of its value. From a respectable stock it has turned into a penny stock.
This may open chances for buyers. Of course Idon't see an upward correction of the 11 year long loss but even if we only can test the November 2024 level and reach the Ichimoku cloud this would be a gain of far over 100 %. By the way this would also be the previous bottom of 2022 and a natural resistance.
This rise was to fast and could not digested by the market, i.e. it was followed by an also fast retracement down.
Now the market may be in an equilibrium and we can have a closer look to the long term picture.
Since 2014 the stock has lost over 97 % of its value. From a respectable stock it has turned into a penny stock.
This may open chances for buyers. Of course Idon't see an upward correction of the 11 year long loss but even if we only can test the November 2024 level and reach the Ichimoku cloud this would be a gain of far over 100 %. By the way this would also be the previous bottom of 2022 and a natural resistance.
交易進行
I am taking a first good profit now but remain long.交易結束：目標達成
I've taken the fine profit now but I remain bullish on this stock. I am looking for a new entry soon. 註釋
I am already long again. At 4.35 I see an hourly support and expect that the correction will end there.
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