The $ 1.35 as low did not hold despite the very good Q3. Conclusion: everything has to be done again for this low of $ 1.35 essential condition with a big IF, if it resists, the prices will go as I mentioned. Alas! it is simply part discount because the market will decide this hollow not me! However, I’m impatiently waiting for this official dip before telling you how much the share prices will go, possibly in this third positive wave,
I forgot to mention that a trough is valued after several successive days of trading above this trough I dared to hope that this was the case for the $ 1.35 for 3-4-5 consecutive days alas!
I would say that what I am currently seeing with a new low at $ 1.23 is completely normal. Why ??
I would cite this following example, so that they who understand the technical analysis of a title less well by comparing the Bollingers Bands as a highway to the example of the 20 direction Quebec.
You are driving on the expressway on the left which represents a positive phase which we have experienced recently, up to $ 1.73. You know that on this side of the highway there is a white line representing the shoulder reserved for the police or ambulance or others. Try to go there for a long time in an accident to save time you will certainly have the police behind you and you will have a bad ticket. We received this bad ticket from $ 1.73 until today in a low at $ 1.23
This white shoulder line on the left of Highway 20 represents the positive end of the Bollingers Bands and the white shoulder line of the slowest lane on the right represents the negative end of the Bollingers Bands.
Now what will happen for a reason X if you are driving on this white shoulder line either to the left or to the right of the highway. Possibly nothing, but the guy behind you will say that you are drunk ! Now if you are really drunk and exaggerated by crossing this verge completely, whether it's the left or right lane, and you wake up suddenly before taking the field, you will give a quick turn of the wheel to bring you back to the right path.
I use this example to explain what happened with the peak of $ 1.73. The prices of the Hexo share, positively, have gone too far outside the Bollingers Bands (white shoulder line to the left of highway 20) and quickly a sharp turn (at the wheel of your car) has made known on the part of the action of Hexo which fell suddenly and this, to a low of $ 1.23
Now, after this sudden transfer, you are back on the road for $ 1.28. However, you are driving slightly a little too far to the left of the lane. Get a little closer to the dotted central line which represents the center of the highway or in analytical terms the moving average 20 from which you are far too far away.
Now that you have done that you will be OK and have a good continuation of your journey, of course by staying on the fast track (positive of Hexo's action).
All this example again to tell you that possibly at the price of $ 1.28 we are not yet completely at the center of our path but very close. Which means that possibly, I say, the action may go down a little more for possibly a new dip other than $ 1.23. Unless traders are comfortable driving slightly on the left side of this lane into a low of $ 1.23
Traders know this little game and that's why the action is currently going down to its mm20 to make some $$$$$ with this little game, or fatten their actions even more, knowing that they will make it go up, because we are only at the beginning of our positive journey above the mm50.
What do you want ! That's how it works with these $$$$ pros.
I hope that those who have no idea of technical analysis have learned good road behavior in this example of the Bollingers Bands and understand what is happening now.
Don't worry, we are currently behind this slightly drunk driver in front of us, who is driving on the left lane going from left to right. We will see a lot of shoulders and turns at the wheel of his car.
This is what I see analytically.