Looks like a range forming. What do you think?
Technically speaking
A nice range forming b/w 6-11.50ish.
Fundamentals
When dealing individual stocks, I always encourage at least a basic understanding of what the company does. The company could be under investigation or have accounting irregularities. This stock apparently has both. Here is a quick rundown.
seekingalpha.com/article/4011499-celadon-group-sec-inquiries-accounting-issues-liquidity-constraints-point-65-percent-near
What to do?
Always try to handicap the risk of your investment going to zero. Even though I am a technical trader, I always do a google search of the individual stock I am looking to trade.
The problems mentioned in the article above seem pretty serious. They could be resolved or they could be a real problem. It is very hard to handicap. It really comes down to how much are you willing to lose to find out.
Please leave feedback, good or bad. My goal is to try to provide value to you.
Thanks
A nice range forming b/w 6-11.50ish.
Fundamentals
When dealing individual stocks, I always encourage at least a basic understanding of what the company does. The company could be under investigation or have accounting irregularities. This stock apparently has both. Here is a quick rundown.
seekingalpha.com/article/4011499-celadon-group-sec-inquiries-accounting-issues-liquidity-constraints-point-65-percent-near
What to do?
Always try to handicap the risk of your investment going to zero. Even though I am a technical trader, I always do a google search of the individual stock I am looking to trade.
The problems mentioned in the article above seem pretty serious. They could be resolved or they could be a real problem. It is very hard to handicap. It really comes down to how much are you willing to lose to find out.
Please leave feedback, good or bad. My goal is to try to provide value to you.
Thanks
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.