Short
$SGH - back to $26
The chart mirrors the perfect fake breakout from. Only once in history did it run up past this, and it still got torn down back to support levels.
Ironically, this same fake out happened last year, in july, almost on the same exact day!
I know nothing of this company, this is all technically. the chart is over extended and set to repeat itself.
Already got rejected perfectly, almost the exact same candle formation (spinning top).
Rarely do you see a chart look almost identical like this.
Could be wrong, could get roasted here if it does go up (one time prior, it exceeded past this level and it lasted for 10 weeks before folding and going full on bear again (dropped about 50%)
not trade advice, just looking at gravity to do it's thing
Ironically, this same fake out happened last year, in july, almost on the same exact day!
I know nothing of this company, this is all technically. the chart is over extended and set to repeat itself.
Already got rejected perfectly, almost the exact same candle formation (spinning top).
Rarely do you see a chart look almost identical like this.
Could be wrong, could get roasted here if it does go up (one time prior, it exceeded past this level and it lasted for 10 weeks before folding and going full on bear again (dropped about 50%)
not trade advice, just looking at gravity to do it's thing
Note
liike clockwork
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.