It fell more than 70% from its high, and recovered more than 80% from the low, then again it is falling.
Case 1
In Jan 2004, the same thing happened. First fell more than 60%, rose 40% and again fell 54%. Then started to rally again.
Case 2
In July 2011. First fell 75%, rose 110%, fell 60%. Then a strong rally.
Case 3
Current situation. Fell 75%, rose 85%. Now might fall again. But if you believe in the company, it can be a period of accumulation.
From the past we can observe. Stock falls in 3 waves before making a new low. Using this I have done this analysis.
Disclaimer
This is not financial advice. Sumanyu Aggarwal is not an expert.
Case 1
In Jan 2004, the same thing happened. First fell more than 60%, rose 40% and again fell 54%. Then started to rally again.
Case 2
In July 2011. First fell 75%, rose 110%, fell 60%. Then a strong rally.
Case 3
Current situation. Fell 75%, rose 85%. Now might fall again. But if you believe in the company, it can be a period of accumulation.
From the past we can observe. Stock falls in 3 waves before making a new low. Using this I have done this analysis.
Disclaimer
This is not financial advice. Sumanyu Aggarwal is not an expert.
Comentário:
It went up more than expected. But I still stand with analysis.
