CAN: Head-and-shoulder bearish signal

12 באפר׳ 2021

As devastating as it is today, the worse is yet to come. It's possible that CAN retract for a day or two but the downtrend is inevitable and most likely won't stop for another %50 loss. This was not unforeseeable considering the gap that was about to be filled as you can see in white boxes.

15 באפר׳ 2021

הערה

Getting closer! I don't think it would be a straight shot down, it should bounce for a day or two in between before it hit my target. Let's see!

16 באפר׳ 2021

הערה

I was the first to see this but someone else is getting the thumbs up! haha

19 באפר׳ 2021

הערה

4 more dollars to go. That's 40% down. Do not go long on this ticker for now, and if you have long positions, you need to think about averaging down when it hits the rock bottom (7-8) or just trim it down.

5 במאי 2021

הערה

This timeline is extended but the target still looks valid.

10 במאי 2021

הערה

getting closer.

24 במאי 2021

עסקה סגורה: היעד הושג

24 במאי 2021

הערה

Followed the path as predicted. Happy Trading!