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Re: Moonboy1 post# 20493

Saturday, 06/15/2019 10:40:28 AM

Saturday, June 15, 2019 10:40:28 AM

Post# of 70011
The descending triangle has started back around early May after the release of the terrible financial and the usual delays in delivering products as promised. Regardless of my negative opinion about the company's performance, this is the time to watch buying, not selling. We are at or close to a bottom. Selling, if a must, should be at or close to a high when momentum hits. Descending triangle is usually bullish as we approach the apex. It is not a must though, but the odds favor reversal.

Notice that the previous run started just before April starts based on the failed promises of an Amazing April, so yes, people act based on the tweets that the company irresponsibly gave random numbers for revenues and unrealistic timelines IMO.

Does this chart look like P&D from March to now??




DISCLAIMER: All statements posted here are only my opinion and not an investment advice by any means. Please, do your own DD and trade at your own risk.