Market hot sentiment - Revisit memes
@Shyon:
Market seems to experience some technical rebound this week. Is this a trend reversal or just some dead cat rebound, it's hard to conclude at this moment, so do trade with cautious. Usually the meme stocks tend to rally crazily once the market sentiment turns positive. However, never hold long and remember to take profit once you hits your targeted profit. Let's look into the trend of several memes. FFIE daily chart The prediction earlier last week was correct, with strong two big green candles of rebound but the stock end flat at the end of week after a crash on last Wednesday. Anyway, it's still a very risky trade of this company. From technical point of view, the blue support level near 1 dollar seem to be a strong support. With current price, the risk reward ratio seem to b