Company Result vs Technical Analysis
HONASA CONSUMER, posted positive result (+90.98%) on June quarter but Surprised very negative result (-792.31%) posed on September quarter? The price started fall from life high, 2 months before 2nd quarter result. Who knows this result ?
However there was technical indication to exit from this stock at 470 level (up Trending Channel broke down), then 52 week low broke and now stock below life low . There was no indication to long this stock.
I am waiting for next financial result and price action in this period.
Importing Learning :
Follow chart pattern & Price action
Don't catch falling knife
wait with patience
**Disclaimer : This is my own view & study purpose only
However there was technical indication to exit from this stock at 470 level (up Trending Channel broke down), then 52 week low broke and now stock below life low . There was no indication to long this stock.
I am waiting for next financial result and price action in this period.
Importing Learning :
Follow chart pattern & Price action
Don't catch falling knife
wait with patience
**Disclaimer : This is my own view & study purpose only
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