zhengliang96
2023-01-19
Replying to @Jadenkho:k//@Jadenkho:πŸ‘πŸ»
@HarryCox:$AMTD Digital Inc.(HKD)$ we're right at this consolidation point between 70 and 90. this is a healthy spot. the fact this held all the way through with such high short interest is very encouraging. shorts will try to ladder it down as much as they can during low volume hours, don't let that deter you. first Green Market day, possibly tomorrow, this runs again. keep in mind the whole most investors here are in. the average shareholder is roughly 60% down. they're not selling at that point. that's a lot of holders. which also means that's a lot of shares from the float that are off the market so to speak. that means you have less shares Trading than the float indicates. and considering the short interest here, the factors less shares moving, and the fact it held steady from late morning all the way through the afternoon on a down Market Day.. means this is set up to run. and that's just technically speaking. but this is in a great position. even if this dips a little bit from here, I would not worry about it much as that's simply a byproduct of less shares overall being moved meaning less liquidity. and shorts attempting to manipulate. essentially, High volatility but coupled with great technicals. I kept it on watch through the afternoon waiting to see if it would indeed drop. but it didn't. it held very steady. I'm now officially in at 11.85. nothing major just 250. but I never go in heavy always test the waters first and then add accordingly.everyone enjoy the rest of your night let's have a great trading day tomorrowπŸ»πŸ‘πŸΌ
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