CNJ 0.00% 0.1¢ conico ltd

2022 CHART THREAD, page-190

  1. 311 Posts.
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    In the medium term, I am still bullish. The trend is your friend when I said we want to see 2.4 - 2.5 c as a higher low to affirm this is an uptrend.

    Why do I see it heading toward filling the gap? You can see the price is heading toward the 20-D SMA bollinger bands at 2.5c, where the ** should be filled.

    This is not a downramping post, if you believe that this is an uptrend movement, you should find a suitable entering price for a long position, as for me, it's at 2.4 - 2.5c that I've been buying, more to be added when 3.5c is broken and it becomes support.

    Would I sell the shares to fill in the gap? Of course not, I am hunting the price point where risk and reward make sense, and I would sell to derisk when the price hits 2.3c at big volume.

    NOT FINANCIAL ADVICE - DYOR
 
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