PINL:GRPOF - Post by User
Post by
Cretanboyon Feb 08, 2019 10:47pm
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Post# 29341161
Charts matter
Charts matterFirst let me begin by saying I am definitely not some master technical guru. I trade long term and short term. My short term trading revolves around finding bottoms and short term reversals. Tetra was one of my long term investments. I have traded lots of smaller bios in the past ( been burned lots ) when small bios come out with delays or anything the market views as negative expect a 40 % minimum drop when the news came out and we saw 25% drop I automatically thought we would see a reversal. The drop wasn’t deep enough to make me think that the market was giving up on tetra. Also if you can read a chart the bounce off that .72 was intact with resistance becoming Support I do believe the panic selling is gone and we will drift for a while. Gl