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😃📉🔼 Technical analysis: Weekly defensive, Is it okay to enter?
There is support for the year line, right?
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💬 FUNNY INTERPRETATION 💬
This meme humorously portrays the journey of a stock market novice who bravely ventures into the vast ocean of stock trading armed with just a bit of 'Technical Analysis.' In the first panel, we see our hopeful and beginner's-luck-filled 'beginner' dinosaur asking if it's "okay to enter?" The market, represented by a calm-looking brachiosaurus, replies with "Defensive Week," suggesting a surface of tranquility.
In the second panel, our dinosaur investor dives into the market full of "Go Go Go!" enthusiasm, but he's oblivious to what's next - the 'Month' period, where trends are as unpredictable and slippery as eels. The seemingly informed brachiosaurus knows all too well the treacherous currents that lurk behind the monthly trends.
By the third panel, our dino buddy appears downcast. Having been baptized by the 'Season Half-Year,' he's submerged in the icy waters of long-term investment analysis, hanging onto the 'Year line' support as one would cling to a lifeline in a flood. He's soaked with the realization that in the stock market swamp, support lines can sometimes be as rare as a clear day in London.
As for the conclusion: "Damn, there is support for the year line, right?" our thoroughly drenched dinosaur wonders, squinting in hopes of spotting a bit of green amid a sea of red. But as any experienced investor knows, the only reliable support in the market is the bottom, and that's not a place where a dinosaur—or his portfolio—would want to be. Will he float or sink? Stay tuned for the next exciting episode of 'Jurassic Funds!'
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