I have been riding AIKI for the past 3 weeks ,so far VERY successfully- (I guess it is hard not to with such predictable moves ) I am, expecting AIKI to move down (it can spike briefly on Monday to ~$1.70 area and then sharply move down) as low as $1.44,possible stop loss set by LONGS in my estimation is located at ~$1.44 (where the 2nd spike of 01/29/21 began) it is located about on the middle of 61.80 and 78.60 of FIB. AIKI also can move down on Feb 1st as low as $1.32(bottom of the original channel ), so mental stop loss can be placed at around $1.31, I am expecting AIKI to move (by Feb 4th-it makes good moves every 6,10 and 20 days and I think on the 4th it is due) to the top of original channel $2.50 or possibly to the top of new channel $2.56,((there is a chance in my opinion that AIKI will move to the old resistance line of April 20th 2020 $2.74)) and then briefly move down as low as 78.60 fib ~ $1.74-$1.70 (Check VPVR) as it does every time time after notable spikes .To play it safe -1st profit can be taken at around ~$2 (50 fib),2nd profit at around ~$2.50 .Entry back to the next run at around $1.74-$1.70 .The entire play from $1.46 to $2.49( ignoring 1st target at $2 and stop loss set at $$1.31) is 1 to 7.3 risk reward ratio .zoom out for better picture ) .Thanks for your time .Please comment .
P.S.This is not financial advice ,do your own DD, I can be wrong in my prediction and change my opinion .
P.S.This is not financial advice ,do your own DD, I can be wrong in my prediction and change my opinion .
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FOMO kicked in ,so I moved in at 1.49 .
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At 5:50 pm AIKI briefly touched $1.45 level and then shoot up to $1.54
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As it was expected AIKI bounced up from the bottom of the trend channel at ~$1.51 area ,currently holding at $1.70 area
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AIKI Has reached it first target of $2
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AIKI has reached it's 2nd target (moved as high as $2.65) today and started to move down-as expected (due to high probability)
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The end...