This company had a great 2017 but this year has been a disaster! since its recent peak at 140$ the company has lost almost 50% of its value. So right now the big question is, where will it bounce?. I want to buy for a short counterbounce and so i am looking for a overextended selloff.
Timing = 0 ( I dont think this stock is hitting its bottom soon and the market is very high right now)
Volume = 1 ( the volume is decreasing as the stock moves lower which means it could reverse quickly )
Group strength = 1 (internet content & information looks to be doing great)
Entry = 0 ( I think a bounce is likely between 70-60$ range, i want a overextended entry so i pick the lower part of the range)
Fractal = 0 (this stock doesnt have that much history yet)
Timing = 0 ( I dont think this stock is hitting its bottom soon and the market is very high right now)
Volume = 1 ( the volume is decreasing as the stock moves lower which means it could reverse quickly )
Group strength = 1 (internet content & information looks to be doing great)
Entry = 0 ( I think a bounce is likely between 70-60$ range, i want a overextended entry so i pick the lower part of the range)
Fractal = 0 (this stock doesnt have that much history yet)