OVERSOLD; Trend Reversal expected, a common patter
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Posted On: 01/21/2021 5:29:35 AM
OVERSOLD; Trend Reversal expected , a common pattern in this type of scenario, is a "Smart Money" trader/investor comes in and buy a big chunk of shares - it could be 50% - 80% move or more, depending on a different factors.
https://www.barchart.com/stocks/quotes/LXX.CN/overview - technial chart analyst confirms.
With expected big news from the company in Q1, it`s in my opinion a excellent opportunity to establish a position (or re-fill and buy more).
When the "Smart Money" (probably through the Nasdaq listing) is showing there hand, you/we have the chance of a major run in a single trading day. Giving this oversold (reason; fear, no patience etc) situation, it`s a high probability we will see a sudden run soon.
https://www.barchart.com/stocks/quotes/LXX.CN/overview - technial chart analyst confirms.
With expected big news from the company in Q1, it`s in my opinion a excellent opportunity to establish a position (or re-fill and buy more).
When the "Smart Money" (probably through the Nasdaq listing) is showing there hand, you/we have the chance of a major run in a single trading day. Giving this oversold (reason; fear, no patience etc) situation, it`s a high probability we will see a sudden run soon.
(1)
(0)Lexaria Bioscience Corp. (LXRPD) Stock Research Links
Robert
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