DOGZ Long - Triangle Bottom Price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. The pattern formed over 7 hours and 30 minutes, which is a rough guide for how long it might take to reach the target price of 8.4 - 8.55.
DOGZ trade ideas
$DOGZ can rise in the next daysContextual immersion trading strategy idea.
Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1.99;
stop-loss — $1.78.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Why $DOGZ Skyrocketed YesterdayWhy $DOGZ Skyrocketed Yesterday
There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.
$DOGZ shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month..
Dogness (International) Corp. Back to highs ?Dogness (International) Corp. engages in the design and manufacture of pet products, including leashes and smart products. Its products include leashes, lanyards, ribbon, collars, harnesses ornaments and specialty products for cats and dog. It produces the products in Classic, Elegance, Luxury, LED, Holiday, Special Function and Cat series. The company was founded by Shilong Chen in 2003 and is headquartered in Dongguan, China.