This young company benefited greatly from the pandemic but like all of the some 100+ companies that had huge revenues in 2020 - 2021, it was not sustainable due to the artificial inflation of stock prices via stimulus checks. Since the stimulus was a manipulation of the monetary system and the financial markets, there is no way any firm could manage the situation. So the stock plummeted due to lower revenues and earnings.
Now, it is definitely building a bottom. It is not complete, and I always advise waiting for completion of a bottom because it is emotionally draining for most investors or position traders to watch the stock fall further and wait for it to recover and move up higher thereafter. It takes a lot of discipline and confidence to hold in a final run down in a bear market. So avoid the risk and wait for a completion of the bottom.
Now, it is definitely building a bottom. It is not complete, and I always advise waiting for completion of a bottom because it is emotionally draining for most investors or position traders to watch the stock fall further and wait for it to recover and move up higher thereafter. It takes a lot of discipline and confidence to hold in a final run down in a bear market. So avoid the risk and wait for a completion of the bottom.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.