I entered this trade because the ADJ stock chart showed significant potential for strong growth after a prolonged downtrend. The chart displays the formation of a reversal pattern (possibly a "double bottom" or a similar structure) and signs of increasing volume. Additionally, indicators suggest a shift in market sentiment: the histogram shows a reversal toward growth, and oscillators such as RSI and other metrics confirm that the price is moving out of the oversold zone. This suggests the likelihood of a correction to higher levels.
The trade's goal is to capitalize on the potential for over 7,600% growth, which, according to technical analysis, could be achievable in the long term.
⚠️ All trading ideas are published with a time delay. If you want to follow the trading in real-time, please follow the link:
Hello everyone! We decided to start a marathon and increase the deposit through manual trading from $3 600 to $3 600 000 💵 💎
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.