LFIN: SHORTFIN orLONGFIN? How NOT to trade Low Float Stocks
Bearish Crab harmonic completed on LFIN prior to a "investigation" for shady business and a pathetic attempt to halt T12 Trading. Any IPO is usually traded ridiculously high allowing short sellers to profit from this so early shorts were already placed with predictable stop losses. The hidden selling pressure behind IPO lead price being popped up by "bulls" to run the stop hunt above the 0.618 $65 price.
All of these levels will have to be recreated with price action, for now my opinion on the price is neutral, looks overly hyped but most newbie investors are just trading it for the % and point moves
The VPVR fired shorts covering at 0.236 or of the 1.618 fib extension of the bearish three drives, however we are now in a potential consolidation at the 0.618 $35 which will be covered by other late shorts back up to VWAP price.
Nonetheless there is no clear direction for the trend can only gauge directional momentum and potential reversal points using aroon and previous support levels
All of these levels will have to be recreated with price action, for now my opinion on the price is neutral, looks overly hyped but most newbie investors are just trading it for the % and point moves
The VPVR fired shorts covering at 0.236 or of the 1.618 fib extension of the bearish three drives, however we are now in a potential consolidation at the 0.618 $35 which will be covered by other late shorts back up to VWAP price.
Nonetheless there is no clear direction for the trend can only gauge directional momentum and potential reversal points using aroon and previous support levels
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