$JD.com(JD)$Drop and more drops. There seemto be no end to this stock’s drop. When other stocks rise, JD drops, when other stocks drops, it drops even greater... this stock does not have much resistance level.
These Meme stocks had been hyped up too much by retail investors but the fact that these stocks which used to be very cheap due to their company’s weak fundamentals would ended up retreating a lot after it got too expensive. Furthermore, these stocks are easily replaced by any other cheaper stocks, their retacement could be very fast, so it is not advisable to hold these stocks. If one had held meme stocks, you should not hold it for long, so that your pockets don’t get badly burnt when it retraces.
3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%
$Taiwan Semiconductor Manufacturing(TSM)$After close to 1 yr wait, TSM is finally making a move. Not sure how much upside does it have…. It seem to have a resistance at $130.