Don't buy unless it triggers.
Here’s a basic analysis based on the candlestick chart:
The stock has been in a downtrend as indicated by the series of red (down) candles.
There appears to be a sharp decline in the most recent periods without signs of reversal.
The lack of green (up) candles indicates sustained selling pressure.
Given the apparent downtrend without immediate signs of recovery, it is currently a sell trade.
Here’s a basic analysis based on the candlestick chart:
The stock has been in a downtrend as indicated by the series of red (down) candles.
There appears to be a sharp decline in the most recent periods without signs of reversal.
The lack of green (up) candles indicates sustained selling pressure.
Given the apparent downtrend without immediate signs of recovery, it is currently a sell trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.