$Polestar Automotive (PSNY.US)$ it's Just a double bottom pa...
$Polestar Automotive (PSNY.US)$ it's Just a double bottom pattern, we had a break out, now it's retracing to test and confirm the support. this is where I get In after the support confirmation. If not support, then it will dip. making an entry before, and it's a risk.
top is an example of the play, the bottom is us atm.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
GoldmanStacks
OP
Macdonell J
:
that is usually what happens, retail overreacts due to ignorance and institutions use it against them load up for cheap. I'd say trading is 90% psychology
GoldmanStacks
OP
151677096
:
anything is possible, if it doesn't bounce off of the support here it can dip 1.40ish, if that fails, then 1.19, 1. however its ways down so not sure. if this hold and rebound completing the double bottom pattern, then above it will likely hit 1 70.
Macdonell J : Looking at the trade volume for the day, institutions were accumulating whereas retailers were dumping
GoldmanStacks OP Macdonell J : that is usually what happens, retail overreacts due to ignorance and institutions use it against them load up for cheap. I'd say trading is 90% psychology
151677096 : u think it could fall back to $1
GoldmanStacks OP 151677096 : anything is possible, if it doesn't bounce off of the support here it can dip 1.40ish, if that fails, then 1.19, 1. however its ways down so not sure.
if this hold and rebound completing the double bottom pattern, then above it will likely hit 1 70.