Sudden surge up at the turn of the year, and then quickly crash down after slightly more than a month. Looks like a pump and dump in action.
Will have to dig into the company's background and fundamentals to see what's actually happening.
From technical point of view, it is unlikely that this stock is heading up any time soon.
Price broke below the recent $23 support, and the next support is around the $19 area.
Definitely leaning towards bearish side but since price is in the middle of the range, I won't be selling yet.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Will have to dig into the company's background and fundamentals to see what's actually happening.
From technical point of view, it is unlikely that this stock is heading up any time soon.
Price broke below the recent $23 support, and the next support is around the $19 area.
Definitely leaning towards bearish side but since price is in the middle of the range, I won't be selling yet.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.