Current technicals:
Currently: ~$19, bouncing slightly after hitting near 52-week lows
The Bad: Stock is in a downtrend. Moving averages say "sell." Down ~37% from last year's highs. Momentum is weak.
The Maybe Good: Stock is so beaten down it might be near a bottom. Some traders see a potential bounce setup at these multi-year support levels.
Bottom Line: Falling knife territory. Most indicators bearish, but contrarian traders watching for reversal signs. High risk.
Currently: ~$19, bouncing slightly after hitting near 52-week lows
The Bad: Stock is in a downtrend. Moving averages say "sell." Down ~37% from last year's highs. Momentum is weak.
The Maybe Good: Stock is so beaten down it might be near a bottom. Some traders see a potential bounce setup at these multi-year support levels.
Bottom Line: Falling knife territory. Most indicators bearish, but contrarian traders watching for reversal signs. High risk.
The content I share is not intended as investment or trading advice. Always conduct your own research before making any decisions. Trading carries inherent risks, and I am not responsible for any losses you may incur.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
The content I share is not intended as investment or trading advice. Always conduct your own research before making any decisions. Trading carries inherent risks, and I am not responsible for any losses you may incur.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.