Scumbag Watch, Issue 4, 26.9.02, Beijing time 8:30
Figure 1: CRCL daily chart
U.S. stock closing price: 89.48; intraday high: 93.30; low: 88.11; down 6.35%
CRCL pulled back along with the broader market, retracing to the 10-day moving average and currently trading below 90. In my view, the stock price is still above the uptrend line. The rebound has not yet been confirmed as over, so we still need to watch the price action over the next few days. If it later breaks below the trend line and falls below the 80 level, the market may weaken. Bulls should take note.
Figure 2: SOL daily chart
Although SOL is still trading above the top of the range, it has already decisively broken below the 100 round-number level, and I also stopped out. If there is an opportunity later, I may trade it again.
Figure 1: CRCL daily chart
U.S. stock closing price: 89.48; intraday high: 93.30; low: 88.11; down 6.35%
CRCL pulled back along with the broader market, retracing to the 10-day moving average and currently trading below 90. In my view, the stock price is still above the uptrend line. The rebound has not yet been confirmed as over, so we still need to watch the price action over the next few days. If it later breaks below the trend line and falls below the 80 level, the market may weaken. Bulls should take note.
Figure 2: SOL daily chart
Although SOL is still trading above the top of the range, it has already decisively broken below the 100 round-number level, and I also stopped out. If there is an opportunity later, I may trade it again.
