Gooooong
commented on a stock · Nov 14, 2024 22:45
$Rocket Lab (RKLB.US)$ The momentum chasers are a bit confus...
$Rocket Lab (RKLB.US)$The momentum chasers are a bit confused, seeking advice online from all the experts.
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Jiu Cai Wang
:
Yesterday, with such a long upper shadow, the selling pressure was too heavy. If today's trend is a large solid bearish candle, it is highly likely to continue weakening.
Jiu Cai Wang
Gooooong
OP
:
That would depend on the volume and price trends. It's hard to predict to what extent it will reach. You can use moving averages to check the short and medium-term support levels. Be cautious if the support line crosses downwards.
Jiu Cai Wang : Yesterday, with such a long upper shadow, the selling pressure was too heavy. If today's trend is a large solid bearish candle, it is highly likely to continue weakening.
Gooooong OP Jiu Cai Wang : If it weakens, to what extent is it likely to goIs it considered a callback?
UnluckyDog : Not an expert but I think this is normal market behaviour?
Correction in progress…
Gooooong OP UnluckyDog : 希望如此
Jiu Cai Wang Gooooong OP : That would depend on the volume and price trends. It's hard to predict to what extent it will reach. You can use moving averages to check the short and medium-term support levels. Be cautious if the support line crosses downwards.
Gooooong OP Jiu Cai Wang : Okay, okay.Thank you thank you