AI: Bearish bat pattern but longterm trend upwards
What should we do? Wait until it reaches 0.20? Or obey this harmonic pattern that may lead the way in the coming days? Maybe, in the psychological mindset of the investors that put money in this company there exists the thought of a +100% revaluation until January or February. Besides, the company has been recently included in the Ibex Small Cap index.
Note
Bearish pattern doing its effect. It should stop at 0.1078 and let AI make a right-facing triangle movement which in turn would lead to a sharp increase or decrease of its share price.
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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.