from a long term perspective, im staying away from this stock. declining 30 week ema, i need to see consolidation for probably at least a few months to a year like what we see in the blue boxes. it's probably closer to the bottom than the top but that doesn't mean it will go up and stay up.
dips are still making V bottoms and not W bottoms yet. also even if we break the declining orange trendline, we may just revert to a less steep decline.
i want to see higher highs and lower lows. There is just too much nearby overhead resistance to consider a long without a lot of positive confirmation. i think stock might turn out to be a good buy if we wait a while for it to develop a nice stage 1 base. maybe another 6 months to 2 years.
dips are still making V bottoms and not W bottoms yet. also even if we break the declining orange trendline, we may just revert to a less steep decline.
i want to see higher highs and lower lows. There is just too much nearby overhead resistance to consider a long without a lot of positive confirmation. i think stock might turn out to be a good buy if we wait a while for it to develop a nice stage 1 base. maybe another 6 months to 2 years.
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Read my blog and detailed trading strategies at substack.com/@dmt62dmt
Watch my Youtube channel at youtube.com/@DMT62DMT
Follow me on twitter at x.com/DMT62DMT
Watch my Youtube channel at youtube.com/@DMT62DMT
Follow me on twitter at x.com/DMT62DMT
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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。