Or just a small company that only has very few products in its pipeline. This company is only focusing on producing this one drug so this one drug either makes or breaks the company. So its stock is of low volume and very volatile.
I dont get what this pattern is ?
- Thread starter cashclay
- Start date
Or just a small company that only has very few products in its pipeline. This company is only focusing on producing this one drug so this one drug either makes or breaks the company. So its stock is of low volume and very volatile.
VERU & SIGA are approaching zero.
I was more referring to what SIGA did last may-aug and VERU apr-aug. Not saying CING will do the same thing but you never know.
It basically retraced after hitting the upper channel. Unfortunately, the channel slope is still pointing down, so I can't say it's bullish yet. If you plan to accumulate more shares, wait until it retraces back down to the lower channel line.
The "patterns" are a myth, just hieroglyphs of stock markets. Chart looks like a pattern until it doesn't or it's a pattern post factum only as a description of what happened. Or it may be a pattern, but only with a certain eye squint.
You can't rely on one type of thinking here, you need to learn many different methods and in time you will build you own market vocabulary and understanding.
%%
As the years pass by, note penny stocks tend to be worth pennies, not dollars;
Billionaire T Boone Pickens went bankrupt in nat gas.
Capital markets are not as simple as simply follow a bill......
Any idea what the ''losers average losers'' means????Or pump + dump??
Billionaire Carl Ichan knows how to cut a loss, oh they make mistakes to, really??
So why did you give it to him? LOL You don't like him? Just put him on Ignore.