A friend asked me: $QNT has fallen for 5 consecutive days. Is it about to rebound?
I told him: A streak of down days only tells us that selling pressure was stronger over the past 5 days; it doesn't tell us which way things will go tomorrow. The 5-day cumulative return is -16.48%, and today's is currently -0.09%. Whether to make a move depends on his own position and plan.
He said: So you haven't really said anything. I said: That's right, because I genuinely don't know. What's one word to describe your view right now?
#QNT
I told him: A streak of down days only tells us that selling pressure was stronger over the past 5 days; it doesn't tell us which way things will go tomorrow. The 5-day cumulative return is -16.48%, and today's is currently -0.09%. Whether to make a move depends on his own position and plan.
He said: So you haven't really said anything. I said: That's right, because I genuinely don't know. What's one word to describe your view right now?
#QNT
