This stock is a traders dream. Huge volatility, good volume and respect of the technicals. I’m analysing this chart on the shorter term time frame. If you went long at the last golden pocket retracement, you made almost 350% gains in a short space of time. We have now pulled back approximately 40% from the highs of $300.22. Using Fibonacci analysis, it was an epic short at a key psychological level.
If we see a bounce here in the golden pocket, around $178, we could have another solid run up.
Watching this closely and trading it according to technicals, with stop losses. Not an investment or investment advice!
If we see a bounce here in the golden pocket, around $178, we could have another solid run up.
Watching this closely and trading it according to technicals, with stop losses. Not an investment or investment advice!
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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.