The new born baby (IPO), price was keep pushing down since the second day of its trading.
Question, shall we catch the red (falling knife 🔪)?
Personally won't do that, especially it trade below Hull MA (when it's red)
Base on 2h chart, Stochastics is OB and heading down. Better let it find the base before enter the market. A slightly premium price for uptrend is better than cheaper price with downtrend.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Question, shall we catch the red (falling knife 🔪)?
Personally won't do that, especially it trade below Hull MA (when it's red)
Base on 2h chart, Stochastics is OB and heading down. Better let it find the base before enter the market. A slightly premium price for uptrend is better than cheaper price with downtrend.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.