$SHINECO (SISI.US)$ One reason I think this is going lower i...

The Real Wojak commented on a stock · Jul 12, 2024 23:04

$SHINECO (SISI.US)$ One reason I think this is going lower is simply that most trends dont just change from a little one day consolidation. It usually requires a big long wicked candle that raids all the stop losses and completely exauhsts sellers into capitulation and usually when that spike gets bought up heavy with big volume thats how you know the bottom is in. So far im just seeing consolidation not any capitulation. Yes i know its already down -50% thats not what i mean by capitulation, what im talking about is a bottom for the chart, it doesnt look like this is a bottom because theres no capitulation candle. I suspect the bottom will be either $0.82 or $0.60 🧐

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