RCON - Start of a 1000% Bagger or a dud??
Updated
RCON has been on my radar ever since its 1000%+ Rally in Late 2020 & into 2021. Recon Technology Ltd. is a technology / hardware company based in China. RCON is pretty much a micro-cap company, but can offer a huge run-up.
RCON has gained my attention recently as it has done a few things.
1) Daily Breakout over 9-21 ema clouds (first time since March '22)
2) Seasonality ~ RCON Tends to heat up during Late-Year to early Year of the following year!
3) TTM_Squeeze on Daily, Weekly & Monthly All signaling oversold, and bullish momentum incoming
4) RCON loves to do huge 1000%+ Runs
Weekly Ema Tests are coming soon and this stock could go absolutely parabolic.
I am not posting this for you to buy in this idea..
I am posting this for the idea for you to keep! This should be on your radar, and I felt like I should share it, as its possibilities.
Thesis : RCON Breaks some levels, thing could go parabolic.
I am not in yet, and I will be patient, but putting an amount I feel comfortable losing could be a smart idea on this Risky Investment idea.
RCON has gained my attention recently as it has done a few things.
1) Daily Breakout over 9-21 ema clouds (first time since March '22)
2) Seasonality ~ RCON Tends to heat up during Late-Year to early Year of the following year!
3) TTM_Squeeze on Daily, Weekly & Monthly All signaling oversold, and bullish momentum incoming
4) RCON loves to do huge 1000%+ Runs
Weekly Ema Tests are coming soon and this stock could go absolutely parabolic.
I am not posting this for you to buy in this idea..
I am posting this for the idea for you to keep! This should be on your radar, and I felt like I should share it, as its possibilities.
Thesis : RCON Breaks some levels, thing could go parabolic.
I am not in yet, and I will be patient, but putting an amount I feel comfortable losing could be a smart idea on this Risky Investment idea.
Trade active
Trimming some here near the $1 level. Position up around 80%
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