How did you learn that? Can you recommend a book or a youtube channel to learn how to breakmdown the chart like that? Thats what im trying to get.. When i look at s chart theres a blank space.. When you look at the chart your brain sees all that info. Or maybe better.. in what order should i learn the chart analysis so it makes sense.
Looking on the surface (can't be bothered looking into the history of this company) this stock appears being manipulated down, not because they wish to offload, but to accumulate. I'm guessing this will have a nice rebound shortly, but one would have to be prepared to sit it out until it happens. The opening large volume, often you will see that repeat near close of day if the stock is showing signs of strength. Maybe stock is being considered a takeover.
When a stock has my financial interest, I'll deep dive into past announcements and news to attempt to get an idea if Co. is going bust or if there is possible potential for a recovery/buyout. I notice 5 years ago price on chart indicates near $5k, probably been a bunch of share splits/consolidations for it to be at $2 now, that's one hell of a fall. Ordinarily I would write off anything which has fallen this much, my benchmark is > 7x share price fall it becomes a cot case. There may be hope with this Co. but I don't like the way it keeps getting hammered down, dangerous stock.
in dpw case. He was buying shares for months and made sure everyone sees that he bought Last week he pamped really hard to wait for monday 6am conference call that something magicall will be revealed. monday he revealed that he is planning a split into 2 companies one for mining and one for acquisitions. Bitnile is one of the companies... And stock went limp Everyone was like wtf. Then im assuming shorts took advantage of that limp mode and went at it in the morning. Most of the chatrooms were waiting for that 10 dollar pump that they see in the past. And ault was probably hoping for that also But dpw is really sus in the past so nobody jumped in on the pamp and it failed... That is what i gathered so far...Not sure if i got the right idea or not
To earn $$$$, you have to decide whether - to press the BUY or SELL button first (you press the wrong sequence and you will be in trouble) - when to press it, - or don't press it at all. Be careful of the chatrooms. It might contaminate your mind. Do your own analysis and don't depend on the chat rooms.