NNDM on a bounce here and this is quite a hype stock the bulls getting very excited yet again.
And of course this could actually be the bottom - but I no interest in buying here and here's why:
"Waterfall charts" as I now call them come with incredible momentum. So much that there is nothing worthwhile in standing in the way and declaring "great fundamentals."
Because even if you're right and you have somehow managed to nail the bottom and there is a big rally - it will still come back to at least 0.618 and probably more retracement because that short momentum will continue - the sell pressure will return.
But chances are you wont nail the bottom and your position will sink.
I'll let the heroes try to board the titanic and if it stays afloat thats fine I can get on board WITH not AGAINST the trend.
Not advice.
And of course this could actually be the bottom - but I no interest in buying here and here's why:
"Waterfall charts" as I now call them come with incredible momentum. So much that there is nothing worthwhile in standing in the way and declaring "great fundamentals."
Because even if you're right and you have somehow managed to nail the bottom and there is a big rally - it will still come back to at least 0.618 and probably more retracement because that short momentum will continue - the sell pressure will return.
But chances are you wont nail the bottom and your position will sink.
I'll let the heroes try to board the titanic and if it stays afloat thats fine I can get on board WITH not AGAINST the trend.
Not advice.
Nota
Just another continuation wave - heading lower soon.Nota
Daily RSI topped exactly where I said it would. Nota
And it just keeps going down. Currently down 25 %. Was down 47% at the low.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Pubblicazioni correlate
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.