ask and bid question
- Thread starter cashclay
- Start date
Look at order books.
https://www.investopedia.com/terms/o/order-book.asp
In essence yes, if one side is being taken that means there is a demand for that side so the asset should go in that direction.
https://www.investopedia.com/terms/o/order-book.asp
In essence yes, if one side is being taken that means there is a demand for that side so the asset should go in that direction.
Looking at it's 3 YR chart and the funnymentals, this dogpile looks like it's under a meme stock run from squeezers, which means the rally shant last.
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Good points\ 3 years of downtrending bid\ ask tells a lot;
another hint, when the bid\ ask barely clear $5.00= another bear signal.
And another hint, when Jan-JULY[or AUG.....]cant close with bid\ask above $5\ its what traders\investors call a downtrending bear pattern.
I like basic profit math some ;
3years worth of losses [or profits] can mean more than 3 hours or 3 days
RAD is a favorite of the degenerates over at r/WSB (Wall Street Bets on Reddit).
I started reading r/WSB during the 2015 election cycle and the 2 stocks they loved to trade was RAD & CVNA (Carvana). Amazingly 8 years later they are still trying to pump those terrible companies. They are addicted to low price stocks.
Best strategy is wait for the buying to end and short to $0. I think only GME ever really did well as meme stocks go. AMC is on its death bed, the'll probably be swallowed by Cinemark.
I started reading r/WSB during the 2015 election cycle and the 2 stocks they loved to trade was RAD & CVNA (Carvana). Amazingly 8 years later they are still trying to pump those terrible companies. They are addicted to low price stocks.
Best strategy is wait for the buying to end and short to $0. I think only GME ever really did well as meme stocks go. AMC is on its death bed, the'll probably be swallowed by Cinemark.