i am quite new here, and i have no intention to mislead any one.
If we gamble either side of the stock, we have 50% chance to win.
If we TA the stock, then we have 60 % to win.
last night, i checked the EDU weekly chart and daily chart, and found that the weekly suport is $9.5/share. Yesterday, the volume was huge, and it was not lower than $9.5/share. So i concluded yesterday that if the EDU drops under $9/share, which will show that $9.5 becomes a clear strong resistance, I will short EDU, and cover within 1-2 days.
Today, the stock rebounced. The volume was still big big, and the stock closed at the lower level, which means, the short side is stronger. From the intra day charts, i figured that: $12, $12.5 and $13 are the resistance, and $11 now is the support. No plan at this moment.
With big volume, the EDU is unlikely be flat (pig market).
i am interest to know those TA who could be right for 70-80% chances. Any one can be like that?
wish all of us make good money in the stock market.