Daily support at 10.84. Entry near 11.00, TP at 12.20, Cut at 10.80
Gap down was brought about by the news of new issuance of common stock of which $100M has been subscribed.
This can be a buy on news trade given that the stock has been down for past 2 days - most probably sold by insiders.
Gap down was brought about by the news of new issuance of common stock of which $100M has been subscribed.
This can be a buy on news trade given that the stock has been down for past 2 days - most probably sold by insiders.
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Disclaimer
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.