this company was on a rocketship heading for the moon. Fast up and means fast down and when the stock hit its peak it beens a violent downturn. The stock already lost 42% of its value and now the question is, is this near the bottom or will there be alot more blood?
Timing = 1 ( the chart has been very weak when the market has been going sideways and therefore i think more blood is likely)
Volume = 0 ( the volume has been decreasing as the stock heads lower)
Group strength = 1 (internet & information index looks strong)
Entry = 0 ( the entry level is near the 200ma and also a strong round number 200. But the stock recently tried to bounce and failed )
Fractal = 1 (this pullback is 42% previously this stock has lost 46% of its value)
Timing = 1 ( the chart has been very weak when the market has been going sideways and therefore i think more blood is likely)
Volume = 0 ( the volume has been decreasing as the stock heads lower)
Group strength = 1 (internet & information index looks strong)
Entry = 0 ( the entry level is near the 200ma and also a strong round number 200. But the stock recently tried to bounce and failed )
Fractal = 1 (this pullback is 42% previously this stock has lost 46% of its value)