If $93.31 is the bottom, unlikely to see $96 again.
From my TA, $80 is possible but unlikely (as opposed to real_dreamsā most likely).
I view touching $90 is of higher probability than $80.
FB isnāt that high on the list, since the IPO was 2012. They missed the first 3 years of the bull market. Thereās definitely some surprises on that list. It shows how deep the panic was.
Huh, notice you said 80s, thought you said $80. Reread your original statement, you say 80s with an s. SHOP would meet 200-day SMA at $80s for sureā¦ the rate of going down is almost certain to meet 200-day SMA. Oversold in RSI chart now, waiting for a bullish divergence to happenā¦ temporarily place a
manch is a novice in stocks, you should know better Do the opposite of what he did.
Huh, notice you said 80s, thought you said $80. Reread your original statement, you say 80s with an s. SHOP would meet 200-day SMA at $80s for sureā¦ the rate of going down is almost certain to meet 200-day SMA. Oversold in RSI chart now, waiting for a bullish divergence to happenā¦ temporarily place a
Sorry to contradict you again, but I dont think it will get to 200SMA
Now you said wonāt go to 200-day SMA, why? Iām not interrogating/ cross-examining you, just want to know whether I should learn a new technique. Btw, $88 is not at 200-day I said one thing, do another , $88 is the original of the rally to $123.94ā¦ sound good in Cantonese too.
Now own 80 (auspicious number in Cantonese ) shares at $99.4430625
Long call not triggered, lowest is $89.35. Would just leave it there, I need a bullish divergence to get aggressive, oversold not good enough.
From experience is hard for a stock to break through (up or down) a congestion, for SHOP currently, $81-$100.80. If going down, hard to break below $81 (so surprise you said $80 didnāt notice the s), if going up, hard to break above $100.80. Also, from experience, once breaking through 50-day SMA and 100-day SMA, tends to find support at 200-day SMA or the original of the last rally (hence the GTC BTO call ($100) at equivalent price of $88). So if break below the congestion, it would take āforeverā to recover above $100.80 i.e. we should just take losses and go elsewhere