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One of my picks for the 2024 trading competition.
The primary reason for choosing it is that it's one of the stock identified by feeding longer term price data into a trading system designed for shorter timeframes. Bearing in mind this approach hasn't been tested, so it's a gamble albeit one without real money (well, apart from the potential prize....).
That plus the plausible double bottom on the chart with a low at $3.90 in May 2022 and at $3.70 in November 2023.
Time will tell but it's speculative.....
The primary reason for choosing it is that it's one of the stock identified by feeding longer term price data into a trading system designed for shorter timeframes. Bearing in mind this approach hasn't been tested, so it's a gamble albeit one without real money (well, apart from the potential prize....).
That plus the plausible double bottom on the chart with a low at $3.90 in May 2022 and at $3.70 in November 2023.
Time will tell but it's speculative.....