#POLHO Stock Technical Analysis by MyNameisMoney 15.06.2020

I thought it might be more practical to share here for those who have a hard time finding my analyses that I share on Twitter. At least if we don't like it, we can go back to the old order 🙂 ðŸ™'

I am sharing the analysis on #POLHO for the first time. I have never looked at this stock before. I am looking at it upon a request from one of my followers. In this way, it will be both diversity and an opportunity for us to identify different charts.

The first thing to look at is that the stock is moving in the channel within the downtrend. Investors, who usually make the mistake of swimming against the current, still try to invest according to this situation. This is not investment but gambling. In these cases, it is necessary to see confirmation that the trend has turned.

Although the trend reversal signals seem difficult on the chart formed here, we started to get the white colored harmonic pattern. It even approached the fibonacci 0.382 point, which was its first target. Here, it should be in a movement above the trend channel in order to become more confident that the trend is turning. Otherwise, the price may first want to test the fibonacci support points that I have identified with red tags. Then it may oscillate to the bottom of the channel. Don't say it can't happen.

If the turquoise harmonic structure is realized, it is very likely to start a downward movement, as I have explained in my previous analyzes. Our goal is to engineer and minimize risks.

The game changer here would be to follow the movements together with the index. This means the following. Although it starts a rising chart, it is necessary to be cautious for a possible bear pattern. Either profit is taken at these points. Or take a position after this movement.

Remember, if there was a continuously rising pricing, nobody would lose. Use my analysis to develop strategy and learn technical analysis.

Important note If you are going to invest 1000 shares, make it a habit not to buy x shares at one price. Fragmented buying is important to keep the cost down. You will not miss the opportunities of possible pullbacks. Think about your investment at least in the medium term, not instantaneously. Take your time, remember our most important motto is "patience".

Time is our most precious asset. Therefore, I contributed to you by taking my time. If you do not withhold your shares and likes in return for this effort, you will help me keep my motivation for the next time.

Thank you

Final Note: All the details I provide here are for educational purposes and do not contain investment advice. You can send your questions and suggestions here or on twitter.