I dowse stocks and my pendulum picked this name from finviz off my ipad on Monday. I'm not at all familiar with it, but I did a reading on it. The suggestion was for it to go down, and it has; actually, a bit further than I expected. The main idea wasn't actually to short it, but to look for a low and invest in it.
I don't get these longer term ideas that often, but I've found that when my pendulum chooses stocks there are often longer term moves, or big reversals. And sometimes it's nothing.
So this is talking about 13 months possibly to hold it, but if it reaches the target I'd be out and pay attention 13 months from now for some news or something. I expect some more downside in indexes into the middle of August, so I'd scale in. If it closes below about 118 I think I'd just watch for more of a bottoming pattern, but this isn't investment advice.
I don't get these longer term ideas that often, but I've found that when my pendulum chooses stocks there are often longer term moves, or big reversals. And sometimes it's nothing.
So this is talking about 13 months possibly to hold it, but if it reaches the target I'd be out and pay attention 13 months from now for some news or something. I expect some more downside in indexes into the middle of August, so I'd scale in. If it closes below about 118 I think I'd just watch for more of a bottoming pattern, but this isn't investment advice.
Note
This was very cool. I can't believe it got to $145 premarket. I hope it can get back up there very soon, but I get that it's going to chop a bit. The next easiest price to exit will be around $143 is what I get.Note
YES!!!! Target hit. No heat. Absolutely stellar. I need more please!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.