Good to see you here mate, after a while we posting on same stock.
Thanks for the chart. I am not great in charting but understand and follow it diligently. So when your post came, a lot of trading was happening around the number you had mentioned 45 - I was watching intently what's going to happen next.
I had been trading this earlier few times. But have started adding now to play at least a medium term, subject to announcement and price action not collapsing. I started adding couple of weeks back for this phase, had earlier exited in high 40s. But this time playing it a bit bravely. As I mentioned last week, when it went down on announcement towards mid 30s, I kept adding.
The one reason I am playing this, with a slight positive intent, is because of price action. I follow price action a lot, besides fundamentals and charts. Don't know, but feel something is going on. The dark side would be that some big traders setting us up for a rug pull. But somehow trading has been stronger than that, as if some are accumulating - I could be completely wrong, its just a gut feel at this stage.
So we finished at 46 - above your number 45. Is that good and gets over the hump, or statistically its in the same range so we need to see a follow up?
Add to My Watchlist
What is My Watchlist?