DB - AG chart share, The big trends are really clearly defined, but the micro trends are still developing. I like the volatility in the market which makes trading significantly more interesting. If I was looking to trade this, I would wait for the rejection to occur along the top side of the biggest trend.
Comment:
Doesn't look great for bulls on the trend break and retouch. I'd definitely lean towards the short side, However, don't forget about the strong support right at 6.45. A very steep downtrend on Monday/Tuesday could bounce off support and the trend exit for that is a big pump towards the upside, (probably 9-11 with a topside of 12)
Comment:
Watch for a "FALSE" pump/trap
Long term, I still like this stock at $6.49. If you see 11.5 and we hit that second pump up to $13-14, you'll want to check indicators and if they show short, BUY PUTS!
Long term, I still like this stock at $6.49. If you see 11.5 and we hit that second pump up to $13-14, you'll want to check indicators and if they show short, BUY PUTS!
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Cashapp enters my YOLO account.
Venmo gets donated to the local Animal Shelter.