- it went through a long period of consolidation - one could have swing traded this because of healthcare related investment
- 875 was the obvious entry for this stock with 855 as the cut lost point
- the gap up today filled the gap down in last November 2020
- closed above the box and give it a few more days to establish a stronger support
- long upper shadow...
- The recent sell-downs were extremely brutal
- Lower lows are obvious – swing traders and scalpers might be able to profit from the swings
- The two green candles which touched the lower trendline at around 545 should be the indicator of selling it due to their long upper shadows
- One should avoid such stock at all cost
**This analysis is solely for my own...
- a long period of consolidation
- VCP pattern was identified albeit lack of one or two shorter waves - provided a clear entry
- the extremely long doji shows that profit taking was extremely aggressive - that should be a clear sign of the recent sell-downs
- highly manipulated - newbies should avoid such stock
- scalpers might be able to profit by using 15...
- went through a long period of consolidation
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should...
