This will be my last one
And I'll explain in full the reasons and technicals.
This formation is known as a dead cat bounce. The price was due to bounce one more time but not to a new high. I predicted it to be 0.21-0.22 due to friday's price hovering there a lot accumulating volume. When a support is broken, it becomes a resistance later.
Volume, by far the most important metric is **** for GWAV. The reason being FFIE exists. There is only so much volume in the world, and if all the attention is on FFIE or CRKN, then it stands to reason there is less to come around to GAWV. A bullish healthy stock should see greenvolume increase with price, this is undoubtly missing.
On the hourly, we can see the MACD crawling into the negatives. It is also red. This is a terrible time to go long because the bears are in control.
The RSI is getting closer to the oversold territory, however RSI is a poor indicator during selloffs. It's better used to find entry points during rallies.
Well there you have it, more of an autopsy report. If you guys make a bag later on, please lock it in . You can't have a good night's sleep if your money goes up and mostly down. Cash is king.
Good luck
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I don't have a crystal ball and neither do you
You've come here for technical analysis, not copium.
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151853855 : I bought $1.8 for $20,000, is there any chance I can get rid of the package
坦然面对 : When will the focus return to 0.2?
NotACrystalBall OP 151853855 : There's always a chance. Similar to how there's always a chance to get struck by lightning.
If you've made a bad call, you should use the opportunity to learn not to rely on chance. Exit where you feel comfortable, be it a gain or loss.
NotACrystalBall OP 坦然面对 : I am not a crystal ball. Maybe 1 week, 1 month, maybe never. That was the risk of this stock when you bought it.
151853855 NotACrystalBall OP : Thanks for the advice, I'm worried about my money right now
NotACrystalBall OP 151853855 : I've been there, which is what inspired me to learn. Just make sure you dont try to gamble your losses back. Do that after learning for a while.
加油。。。向錢看 151853855 : It's great that you bought 1.8
I bought 2.2
151853855 加油。。。向錢看 : Strong faith, I'll be back!
加油。。。向錢看 151853855 : Uh-huh, I'm not going to insist
I'm holding on hard, come on
EddyHamster 加油。。。向錢看 : how hard bro?
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