Sorry guys, I know it's the human natural that don't want to hear negetive idea. But in the market, it's very important to face the fact, which the share is in a downtrend. GBG hit 1.87 in May and failed to break the last hight of 1.98. Now as the clock swing back, it's going to break 0.6, base on the % of missing its high, it can swing back down to 0.54.
Along the way, there will be bounds, maybe 10% bounds, but it no more than a dead cat bounds. The first stop is will settle at 0.8, or may u see a massive buy and bounds back close to 0.9. Then it will start to slide towards .70, when more bounds fail to juice up the prie, then the panic sets in, the share will head toward 0.6. The really bottom area for this time.
The cylce is on short side now, just like average Joe to buy on average up, this time it's short sell to average down.
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Sorry guys, I know it's the human natural that don't want to...
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