Just a quick thought: $SKHYB has fallen to a new 30-day low, with the price at 159.01. The previous low was 160.
Whenever a new low hits, people on the forum start calling it a buying opportunity. But in a weak market, new lows are often followed by even lower ones. I’ll wait for the price to rise back above the previous low before considering it—I’m not going to try to call the bottom.
If you think this makes sense, give it a like. If you disagree, tell me why in the comments.
#SKHYB
Whenever a new low hits, people on the forum start calling it a buying opportunity. But in a weak market, new lows are often followed by even lower ones. I’ll wait for the price to rise back above the previous low before considering it—I’m not going to try to call the bottom.
If you think this makes sense, give it a like. If you disagree, tell me why in the comments.
#SKHYB