Transcription
Hello friends, welcome to my channel. So EZGO is now going through a big trend breakdown, and this is a very unlikely scenario that has happened because the stock was slowly but steadily moved higher. But then one big move and everything is actually spoiled now because EZGO has already given your trend breakdown. So it does not matter if there is even any upside which is happening until and unless EZGO started trading and sustaining above 0.37 and 0.40, you cannot expect any further up move. Okay, so this is the mark which this particular stock must cross right now.
It has made a new low of 0.20, and the current range which we have right now is 0.20 on the downside and 0.40 on the upside. Now here is another scenario because there is a new lower 0.20. So if EZGO started trading below 0.20 or less, you will see further downside. So that's number one. So please don't go below 0.20. You may find some sort of bounce back which will happen from the level of 0.20, and which has just started. And in this case, the stock may swing back towards 0.37 or 0.40.
But it does not make any sense until and unless the stock started sustaining above 0.40 or more. If it happens, then you can expect the extension of the trading bounce back. But if the stock continues to trade below 0.40, 0.37 or less, then this is a big downside which has just started. And if it is unable to surpass 0.40, the downside may continue. And 0.20 is the new low. So one must not go below 0.20. And if you are very risk-averse, then the breakdown has already happened. So make sure you are not you are not taking unnecessary risk.
So this is the end of the video. Thanks for watching.