This is a fourth stage base. It isn't guaranteed to fail, but statistics say it has an 80% failure rate. The same goes for the fourth stage base on BIDU, whcih was also posted today. Of course, a lot will have to do with the direction of the major indices. However, other stocks with excellent technicals and fundamentals are already breaking out. Unless you already have a big cushion in these stocks from buying them on earlier bases, buying this potential breakout is too risky.
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StockTradingMaster 1 year ago
This is a fourth stage base. It isn't guaranteed to fail, but statistics say it has an 80% failure rate. The same goes for the fourth stage base on BIDU, whcih was also posted today. Of course, a lot will have to do with the direction of the major indices. However, other stocks with excellent technicals and fundamentals are already breaking out. Unless you already have a big cushion in these stocks from buying them on earlier bases, buying this potential breakout is too risky.
jmackel 1 year ago