Just closed the long position on FIL. I looked at the performance of the Bollinger Envelope, and currently the upward momentum is clearly insufficient. From a technical perspective, the pressure is still quite significant. In the short term, PA(Price Action) has not shown any obvious breakout signals, so holding the position further may not be worth the risk-reward ratio. Therefore, I decisively exited. This rebound in FIL may still need time to gather momentum. Let's wait and see if there are clearer buying opportunities before re-entering.
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DoReMi10
· 01-10 04:42
Hold on tight, we're about to take off 🛫
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whxing777
· 01-10 00:53
Clearly, the increased trading volume is due to institutional big players, laboratory foundations cashing out, but you claim it's a sign of an upward trend. Therefore, anyone still fooling others into thinking FIL will rise is either a scoundrel or a thief.
Just closed the long position on FIL. I looked at the performance of the Bollinger Envelope, and currently the upward momentum is clearly insufficient. From a technical perspective, the pressure is still quite significant. In the short term, PA(Price Action) has not shown any obvious breakout signals, so holding the position further may not be worth the risk-reward ratio. Therefore, I decisively exited. This rebound in FIL may still need time to gather momentum. Let's wait and see if there are clearer buying opportunities before re-entering.