The reason for the second uptick is because an investment firm had purchased 1.1million shares for 6.4 million averaging close to 5.80 per stock. This means that when the price does go down again we will see massive support at 5.8 so the first entry needs to be before $5.80 and closer to low $6 (5.95-6.15) the next entry if it continues to fall will be near 5.80 (5.75-5.85) You can set these right now as buy limits if you want I will show my progress on the chart above and I will change the color of my buy limit to green if it takes.
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.