Want to swing trade---never buy on a downtrend For instance, Hexo dropped to .73 cents less than 1 hr ago... Lots of retailers will buy....No, wait. Wait until the stock bottoms---trades in a narrow range for a day or two.
ONce you see the stock rise about the MA-5 day or 20 day MA, and the chart moves upwards, buy the stock....
The range is ---Resistance -.88 cents
Support----.58 cents.
Look for a higher low---around .63 cents...You HAVE to WATCH A CHART---the CANDLE STick chart---on the 15 minute , 1 hr, 4 hr, daily...
I fully expect HEXO to close below .73 cents at Friday's close