TrendTrader
OPCalvin777
:
Look at how it pumped this morning, even into the early part of lunch time.
The stock has attention and momo rn. Over 12 the next spot is 15, which is a resistance level. IF it goes over that, 16 is the lowest end if momentum starts to slow.
If it acts as a true pump again 20 is an easy expectation because it is a psychological level as well as resistance. If it fails at any of those points it could tank
AMB1311 : absolutely
Calvin777 : Is not even close to 16 yet why u so confident
AMB1311 : he said in AH
TrendTrader OP Calvin777 : Look at how it pumped this morning, even into the early part of lunch time.
The stock has attention and momo rn. Over 12 the next spot is 15, which is a resistance level. IF it goes over that, 16 is the lowest end if momentum starts to slow.
If it acts as a true pump again 20 is an easy expectation because it is a psychological level as well as resistance. If it fails at any of those points it could tank
Calvin777 TrendTrader OP : And if the ragpull happens all the profits turn into loses zzz
TrendTrader OP Calvin777 : Sure, that can happen anytime. This is why one should make use of stop losses, and scale out on pops.
Also, one should size their position accordingly.
Calvin777 TrendTrader OP : A ma trust u and hold it out to AH man
TrendTrader OP Calvin777 : I’ll be watching too![eyes 👀](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f440.png)
![eyes 👀](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f440.png)