wwwarrior
:
lol, I thought yesterday was the last chance [Facepalm] Come on man....there's more chances. The market is getting it's freaking throat cut right now
10baggerbamm
:
when you have momentum breaking a single company it's very difficult for it to recover so when you have a trend line which is your 20 day and the stock is gapping up above the 20 day and not touching it for an extended period money flows in when it breaks that 20-day to the downside sometime there's a chance of a reversal you can look at lunar as an example there's a another drone company name escapes me right now (Archer aviation) that makes vertical take off for people aircraft that did a breakthrough it's 20 day in reverse and trade it up again. when you have a sector that breaks you're screwed and right now this sector is getting decimated people are getting short buying puts and their exiting on any uptick so I think you're playing with fire you're catching a falling knife here and I think you're fucking yourself if you think that you're going to have new highs again in any reasonable foreseeable future you're probably talking years and years
wwwarrior : lol, I thought yesterday was the last chance [Facepalm] Come on man....there's more chances. The market is getting it's freaking throat cut right now
10baggerbamm : when you have momentum breaking a single company it's very difficult for it to recover so when you have a trend line which is your 20 day and the stock is gapping up above the 20 day and not touching it for an extended period money flows in when it breaks that 20-day to the downside sometime there's a chance of a reversal you can look at lunar as an example there's a another drone company name escapes me right now (Archer aviation) that makes vertical take off for people aircraft that did a breakthrough it's 20 day in reverse and trade it up again.
when you have a sector that breaks you're screwed and right now this sector is getting decimated people are getting short buying puts and their exiting on any uptick so I think you're playing with fire you're catching a falling knife here and I think you're fucking yourself if you think that you're going to have new highs again in any reasonable foreseeable future you're probably talking years and years
wwwarrior 10baggerbamm : thanks man, really appreciate the analysis. I'm still learning, so this is gold to me.