Oh la la, everyone! Today let's take a look at FOLKS and see how it is. Remember earlier in December when it had a slight "acceleration", going from around $10-$12 up to nearly $25-$27? Those who "cashed out early" must be smiling now.
But such is life, the fun rarely lasts. Right after that, especially with the massive "sell-off" in mid-December, looking at the chart is truly "heart-stopping"! From the peak, FOLKS dropped suddenly to the current $6.36. Oh my, it really is like how quickly the wind changes direction, just like an ex turning against you!
The OI-Weighted line is also "plummeting" without brakes, showing that the short side is "confident" on the surface, or the long side has "freaked out" and run away.
Now it is "lying still" in the area of $6-$7, showing no clear signs of "stirring up". Any brothers who accidentally "fomoed" in high must be "chilled to the bone" right now. As for those who intend to "catch the bottom", take your time, don’t rush too much. Better safe than sorry, wait for a clearer signal so that your wallet can be "stable"! This market really has a lot of "drama"!
#FOLKS #FollowMePls #Like the post #Thank you #ABB920 #Tips