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Lloydbrawn88

11,118 Posts.

499

08/09/23

11:28

Post #: 69783114
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Originally posted by Endless: ↑

RDN. It galls me to say it - but I agree with Lloyd that RDN is displaying unicorn characteristics.

However, as a policy, I would be extremely careful about ignoring negative TA aspects of a stock's SP. You might catch one unicorn, and that would be great, but if your trading methods depend on catching unicorns then you might find things difficult.

Of course, if a stock does attain unicorn status (WA1, WBT etc) then all bets are off. They can do anything. However, there still comes a point (CXO) where the TA drag finally pulls them down (unless they're next Microsoft level).

RDN. Atm it's flying without a parachute but not going out of the bollies. A trader would consider holding and hope for the best (cos there's prob not a lot of immediate downside) but it's probably higher risk to enter at this stage. You would need to watch closely tho cos nothing goes up forever. imo

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I have to screenshot this... this might be the first time 16 years that endless agrees with me on ANYTHING, including the weather or even my date of birth hahahaha
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