AI
Thursday, April 19, 2018 1:19:26 PM
SVA daily chart
The only two thoughts I have are....
(1.) don't put any more into it than you can afford to lose.
(2.) anything is possible, a chart follows instead of leads. In many similar looking scenarios, the price will be more volatile in the beginning stages of the consolidation period after a big move like that.
The initial reaction is usually strong, like today. Then things settle down while the dust settles and the next direction is decided.
IOW - it could be good for a quick momo trade? If I was thinking of going long term, I'd let it settle down for a while, instead of tying up my money while it consolidates.
The only two thoughts I have are....
(1.) don't put any more into it than you can afford to lose.
(2.) anything is possible, a chart follows instead of leads. In many similar looking scenarios, the price will be more volatile in the beginning stages of the consolidation period after a big move like that.
The initial reaction is usually strong, like today. Then things settle down while the dust settles and the next direction is decided.
IOW - it could be good for a quick momo trade? If I was thinking of going long term, I'd let it settle down for a while, instead of tying up my money while it consolidates.
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