Breakout on descending channel ^^
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Gold/Silver, Uranium, EV's Battery-Lithium, ChatGPT and AI, Rideshare, Space, Defense... English is'nt my 1st language !
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KSOL : breakout means it will go on an uptrend for a while right? thanks for your analysis!
Kevin MatteOP KSOL: With a "Descending Channel" like this, there may be a breakout in an uptrend or a downtrend position. There can also be a flase breakout and continue to go down... Hope not ^^
KSOL Kevin MatteOP: I see. that's very true! I'll observe before averaging down
what other technical analysis do u pay attention usually please?
Kevin MatteOP : Volume ! And if poeple are buying or selling...
Kevin MatteOP : I could have added short or short interest and low float too.
10baggerbamm : you're trying to catch a falling knife you got a dead cat bounce the trend is still lower there's no fundamental change internally within the company you don't see revenues growing all of a sudden spiking 500% one quarter 300% one quarter. why try to figure out where the bottom is with the stock that's going the wrong direction you need to find one that's ascending higher not descending lower