I traded HMNY, as I do like getting in on these types of plays. The market is about to close. Let me show you the chart of HMNY (:
Emphasis on my lines on the chart :D
Oh ok, so clearly it dropped a nice portion on the daily chart after a major run and....... a weekend?
Welp -- here is the daily chart of GRVY, after a major run and...... a weekend?
I dunno about you guys, but if i were a betting man, which lets be honest, i love poker.. This seems like the exact same pattern. I am currently short on GRVY, and am anticipating the same performance as HMNY last week. This isn't really a prediction as much as it is a reaction -- they look like the same chart, if i didn't see the symbol and the dates, i would literally say off hand, this looked like the HMNY chart. I will let you guys know if i am totally in the dark tomorrow... or if i am profitable tomorrow.
Thanks for reading and if you agree this will drop tomorrow, be sure to let me know i'm not a lost soul!
EDIT : I think Investors Underground calls this a lower highs pattern.
I'm still learnin cuh, I am not profitable yet because I have humbly accepted that i need to pay my dues and learn my niche before i trade for profitability. I only trade against my self. I need to self master my abilities. I trade with the goal of being better than myself yesterday. I don't trade with the goal of making profits.
Yea does look like some topping action, only thing that would make me play it a bit extra safe is that the bottom graph still closed higher than its first spike did, and whoa just seen this, the little earning winners symbol, I wouldnt be shorting man, thats one of tims main rules not to short earning winner, i think mainly cuz hype around earnings/contracts lasts longer than PR's. Just my thoughts, be careful and good luck, curious to see how it reacts
Yeah for sure man, i agree it is a nice bit of risky. That is a major difference, i accounted for just didn't say anything about in my blog post.. We will see tomorrow (:
Sweet, good thing ur aware of it so u have ur risk set, it is up a shitload ha, wish u a nice panic drop :p
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