You just answered your questions as to the sell off. LDX was always being sold not just because of the chart, but for this one clear FUNDAMENTAL reason of extremely cheaply issued shares via a debt structure of convertible notes. However, that's too much technical language for a trader, leave it to the FA Pros.
Downside is always there on this. People will look for a few counter trend opportunities but, good luck., Its a risky game and for the one with fast trigger fingers everyone knows counter trend trading is short term only and has its risks involved! Hence every counter trend trade is revolved around technical analysis for entry./
everyone knows counter trend trading is short term only and has its risks involved! Hence every counter trend trade is revolved around technical analysis for entry./
