As you can see this stock is very volatile- because of this, i | Stock Market Analysis

As you can see this stock is very volatile- because of this, it’s a riskier play.

Let’s talk about why have I entered, and how I knew it’s a good time to enter:
I’ve entered pretty much at the bottom of the tunnel (a pretty much reliable tunnel), and just after I knew it’s no longer in the delisting danger zone.
Bottom of the tunnel isn’t enough, but I saw that the 200 EMA (yellow line) is a huge support for the stock. It was enough for me to place a stop loss 1.3 ATR bellow the bottom of the tunnel.
Extra things that I looked out for, are the RSI and the MACD (although if you ask me, in this case these are not the primaries factors).
MACD looked like it’s going to cross, in addition the RSI got to a point that is used to jump from in the past.

What happened next?
At Monday news came out declaring Luokung are not longer blacklisted in USA, and the stock is going to return to the global indices, and from Monday we’ve entered the bull run.

Is it good to enter now?
I anticipate a slight pullback in the coming days, but maybe I am wrong.
(It could be today, tomorrow or at Friday), but I think we’re going to see a test with the top of the tunnel.
I am going to sell there... If a breakout will happen, a pullback toward the celling would happen and there is a good entry point... I will keep updating you about LKCO.

Have a good day, and take care!

(This post is only an opinion and made for learning, THIS IS NOT A TRADE ADVICE.)