this is a clear example of conman stock, yes if it drops too much no doubt will bounce back a bit, it's called dead cat bounce. it's still downtrend, still waterfall.
don't think that it dropped from 80 cents to 34 cents it wont drop more, i can drop until no tomorrow. just trust me and stay away. the directors will become famous conmen soon.
Downside risk is limited already......its about time it will make a V-Shaped recovery. Investing is about taking calculated risks. Those who dare.....Win. Based on TA....the stage is right for a meaningful technical rebound and a trend reversal. The price now is 34c.....It is easier for it to move back up to 44c than going down further to 24c. Would you rather buy now or would you rather chase and buy when it already reaches 44c? Anyway.....lets just see how it goes.
No negative news to support the sharp fall... just a proposal to venture into glove business. What's wrong company wanted to sell gloves ? Covid-19 pandemic may last for many years to come, vaccine just to slow it down but won't be able to totally wiped out the virus.
PARIS: The novel coronavirus has killed at least 2,041,289 people since the outbreak emerged in China in Dec 2019, according to a tally from official sources compiled by AFP at 1100 GMT on Tuesday.
At least 95,476,360 cases of coronavirus have been registered.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gelong
1,737 posts
Posted by gelong > 2021-01-19 16:43 | Report Abuse
Meletops