AI
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Tuesday, June 04, 2024 6:23:08 PM
Anybody set a stop-Loss?? Please don't tell me I'm the only one who booked a loss today.
A hard stop-loss order is the most trusty tool in a trader's tool box. Without it, we are left with steep compounding losses when we wake up to the unexpected.
This low volume symmetrical price pattern suddenly morphed on the news of the CEO leaving.
As you can see, volume exploded 8X the previous day - which is expected once prices break through the pattern trendline.
What we are left with is a bearish pattern that projects a target price of .50. That's a whopping 50% lower than today's close. The falling knife could have serious momentum before a bottom is reached. What a difference a day makes.
Also, didn't the odds of delisting just skyrocket?
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