I believe this is a good ticker to have on your watchlist. It has shown massive moves both to the upside and to the downside. I would like for this company to showcase increase revenue growth & stability in its marketplace.
Price has been on a massive descent however this does not mean we should be buying it. We will not bottom fish! we will add to winners and cut losers asap.
To paraphrase William O Neil the worse mistake an investor can make is to buy the dip on a stock that keeps dipping, soon you will run out of money.
Trade Ideas 💡 - I would like the price work itself out right now potentially building an accumulation zone / box. - Stronger S&R levels. - I would also like to see change in volume (volume spikes) - We need to make sure someone big is showing interest and we can follow their footsteps. - Trading Strategies reversal patterns inverse head and shoulders / Bullish Engulfisj at major levels.
To summarize: I will be paying closer attention during earnings season to see if anything changes in price and structure.
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.