Origin Agritech Limited (SEED) stock is less risky Stock with beta figure of 0.55.
The stock is currently showing downward return of -24.44% throughout last week and witnessed bearish return of -24.53% in one month period. But we all know...what goes down, must come up! Looking to hit that first retracement line by early next week!
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
This just tells me to short the heck out of this stock til it falls off!
The stock is currently showing downward return of -24.44% throughout last week and witnessed bearish return of -24.53% in one month period. But we all know...what goes down, must come up! Looking to hit that first retracement line by early next week!
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
This just tells me to short the heck out of this stock til it falls off!
Trade ativo:
Failed to meet price targets. Still 3 more days of trading go! Not backing out of this position unless it falls below 0.64. Still room for shorts!
