$ICZOOM Group(IZM.US$
It is still is down trend and minor fluctuation. If you look to enter and hope it gain back to ~$10ish, then at least confirm it is in upward trend. My opinioin, if it goes above $4, then the trend might have a chance to reverse.
It is still is down trend and minor fluctuation. If you look to enter and hope it gain back to ~$10ish, then at least confirm it is in upward trend. My opinioin, if it goes above $4, then the trend might have a chance to reverse.
10
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Valiant Wei SongOP : I'm still shorting for 1000 shares on IZM if you are curious.
Valiant Wei SongOP : IZM caught my eye when it came up on the top daily list. The price was at $12-15. So I started doing research on it.
a few things to begin with:
1. origin of the stock = China
2. market cap = under mid cap, this means volatility is high , price can easily be manipulated
2. any recent news = back then it only had celebrating anniversary news, so no
3. trading volume is high at unusual amount. This means big institution/s are involved.
Based on these research, 2 ways to go.
1. jump on the ride for gain, then leave before it start to drop big.
2. bet against it, short, at peak high (hope to) plan this before institution/s leave for profit.
3. short after institution/s leave, pick up after what was left.
Valiant Wei SongOP : sell - too much risk and too little gain. Even the trend is still down.
buy - if you buy now, how soon do you think it will back to $10ish? If it takes month/s, then your risk is that you lock out your money for nothing + waste time
Valiant Wei SongOP : Im glad you came up your own conclusion! I hope my comments helped. Wish all the best!
Valiant Wei SongOP : Unfortunately, that's not something I would know. I'm not a prophet. :)
What you need to do is to keep watch it on a daily basis. When your indicators showing there is a positive moment, then you enter and ride along for the gain.