Now, SNPW is an Algorithm Play: It’s a common sc
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Posted On: 07/31/2024 6:16:05 AM
Now, SNPW is an Algorithm Play: It’s a common scenario for many stocks, now.
Shorts with their money & powerful algorithms are controlling the price. Eventually, shorts will take SNPW to a high price (i.e., their target price) helped by day traders’ buying frenzy & exit by selling their positions quickly with their super-fast computing machines, which decreases the price in seconds; however, the price remains high enough for early buyers. For this reason, chasing is risky.
The fundamental of SNPW is optional in an Algorithm Play. It’s a technical play & algorithm makes the charts. We, the retails, buy or add at near lowest (individual assumption) & sell at our own target prices (individual choice). PRs help by creating a momentum, which influences the Algorithm for reversal. Perfect scenario – back-to-back PRs + Algorithm reversal + lots of day traders – then, sky is the limit!
After the dust settles, SNPW will remain stable at a significantly higher price than the current price.
Shorts with their money & powerful algorithms are controlling the price. Eventually, shorts will take SNPW to a high price (i.e., their target price) helped by day traders’ buying frenzy & exit by selling their positions quickly with their super-fast computing machines, which decreases the price in seconds; however, the price remains high enough for early buyers. For this reason, chasing is risky.
The fundamental of SNPW is optional in an Algorithm Play. It’s a technical play & algorithm makes the charts. We, the retails, buy or add at near lowest (individual assumption) & sell at our own target prices (individual choice). PRs help by creating a momentum, which influences the Algorithm for reversal. Perfect scenario – back-to-back PRs + Algorithm reversal + lots of day traders – then, sky is the limit!
After the dust settles, SNPW will remain stable at a significantly higher price than the current price.
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