Looks like a range forming. What do you think?
Technically speaking
A nice range forming b/w 6-11.50ish.
Fundamentals
When dealing individual stocks, I always encourage at least a basic understanding of what the company does. The company could be under investigation or have accounting irregularities. This stock apparently has both. Here is a quick rundown.
seekingalpha.com/article/4011499-celadon-group-sec-inquiries-accounting-issues-liquidity-constraints-point-65-percent-near
What to do?
Always try to handicap the risk of your investment going to zero. Even though I am a technical trader, I always do a google search of the individual stock I am looking to trade.
The problems mentioned in the article above seem pretty serious. They could be resolved or they could be a real problem. It is very hard to handicap. It really comes down to how much are you willing to lose to find out.
Please leave feedback, good or bad. My goal is to try to provide value to you.
Thanks
A nice range forming b/w 6-11.50ish.
Fundamentals
When dealing individual stocks, I always encourage at least a basic understanding of what the company does. The company could be under investigation or have accounting irregularities. This stock apparently has both. Here is a quick rundown.
seekingalpha.com/article/4011499-celadon-group-sec-inquiries-accounting-issues-liquidity-constraints-point-65-percent-near
What to do?
Always try to handicap the risk of your investment going to zero. Even though I am a technical trader, I always do a google search of the individual stock I am looking to trade.
The problems mentioned in the article above seem pretty serious. They could be resolved or they could be a real problem. It is very hard to handicap. It really comes down to how much are you willing to lose to find out.
Please leave feedback, good or bad. My goal is to try to provide value to you.
Thanks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.