IMD @ 9 NOV 2021
Text me if you have any questions/comments for me.
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IMD
- Previous analysis was done on 14 Sep (red arrow) -> suggested entry at 2.43 levels if believe the stock can form new all-time highs
- Since then, the stock retraced to test the mid-term support before rebounding to $2.43 on 28 Sep (blue arrow)
- Another retracement and successful rebound later, the stock has achieved gains of more than 15% within 6 weeks
- Recent price action to test the short-term support has provided a good setup for entry
- A successful rebound would be around 2.90 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
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IMD
- Previous analysis was done on 14 Sep (red arrow) -> suggested entry at 2.43 levels if believe the stock can form new all-time highs
- Since then, the stock retraced to test the mid-term support before rebounding to $2.43 on 28 Sep (blue arrow)
- Another retracement and successful rebound later, the stock has achieved gains of more than 15% within 6 weeks
- Recent price action to test the short-term support has provided a good setup for entry
- A successful rebound would be around 2.90 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
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