Best of 2019 Short stock? Just look at this price rangesMacro:
Distribution - ABC pattern after 1-5, obvious, obvious
So long at these prices not realistic.
300 was pierced easy, so no real support at 300, thus anything 300+ is running on fumes.
Still part of the emerging market. Stock valuation is of the rockets. -142 PE and -2.3 on EPS
Micro:
Volatile increase toward average high price of 330, when average high is 340.
Macro might push it a bit, but price is not sustainable, Decline is well obvious.
Any lower High, is a sign for the next day drop so have shorts, u never know.
Bull point:
They generate revenue on Earning Report. Positive development of some kind outside of SPY pushing prices up.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
