CPOP trade ideas
$CPOP is gonna fall todayPupm&Dump trading strategy idea.
$CPOP is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $5,07;
stop-loss — $5,5;
take-profit — $4,22/MOC
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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CPOPPop Culture Group Co Ltd (NASDAQ:CPOP) The stock remains incredibly oversold. Obviously, the selling could resume and the stock could fall to fresh lows. That is the risk, but the potential reward is the stock rallies hard and hits $20 a share or +100% from current levels. Buying stocks at all-time lows in extreme oversold conditions, especially ones like these that have not experienced much of a bounce recently, is a great way to find profitable trades. I'm wondering about the broker that constantly dumps a ton of shares at 17.45 on a daily basis, something that the SEC should analyze in order to understand what the hell is going on. It's not a normal situation especially in extended hours.