Looking at the chart. It is going to test the very first week low of 318 when IPO launched... I had drawn lines and found a resistance at around 328... waiting to see if it can break over... the uptrend is optimistic...
Everybody else is climbing .. but the trading platform company itself drops..
This stocks has been speeding up its upward momentum in the last 3 weeks especially these few days... I believe with the current Covid situation, it will have much more upward potential. But be caution when one day the Covid cases simmer down, there maybe be much faster reverse trend...
With the present Covid situation, the revenue for this type of business will definitely discounted by a fair bit... how can you expect high confidence level with their stocks? I'd rather wait for the situation to clear up before investing in them...
I used to draw trendlines... quite accurate but can't estimate when is the right time for entry... later I learnt about MACD together with Moving average of 14 & 21... I can more accurately judge the turning of trends... recently I learnt about using bolinger band , kdj and parabolic.. it helps me to double confirm the entry point... the only thing I lack of now is the fundamental analysis... the news.. the stability of the company... no matter how, it is still quite hard to chase after so many stocks.. so, I decided to follow only a few of them .. In fact, with all the knowledge I have, I still lack of one thing... discipline.. lots of times I made money but not willing to accept the fact that I can't turn into millionaire overnight.. winning game became a losing one.. so, folks.. please be discipline while trading... learn to take profit and cut loss where necessary... gambate!!!...
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