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29/04/19
15:24
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Originally posted by Winter08:
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longer term they’re saying it’s a very strong likelihood of continuing downwards. The trend strength is in the top 1% and that trend is down so hard to fight that momentum and safest Togo with it. They Do say oversold (presume that’s RSI) which is a product of the trend strength so I guess if considering a short It Might be safest to put a short on ig it breaks 1.50 support with a stop around the 1.53/4 mark.
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"longer term they’re saying it’s a very strong likelihood of continuing downwards." Is that by ignoring what the company is/does and just by observing a squiggly line ...? Good luck to them and whoever else thinks that's a reasonable basis for an investment decision "longer term"!