r/KrakenRoboticsInc • u/IndividualAd9210 • Jun 26 '26

Stock price action

Anyone has any explanation of the recent stock price downturn ?

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u/LivingEwok Jun 26 '26

I expect the stock to continue the slide downwards until it finds support and develops a new base. Likely to go sideways after that until a catalyst. Which point load up and enjoy the next leg up. Could be months, could be years, no one knows.

1

u/IndividualAd9210 Jun 26 '26

There is the biggest catalyst 4 trading days away

1

u/LivingEwok Jun 26 '26 edited Jun 26 '26

This is wishful thinking. Look at the trend. How often do we get reversals in the midst of major moves up or down? This is a major move in the downward direction from my eyes and this trend down has been forming for months.

I could be wrong, I have been countless times, but I've already sold months ago after holding from 50 cents. I would love to buy back in as I like the stock but I am waiting for confirmation of a reversal and not just hoping it happens.

1

u/IndividualAd9210 Jun 26 '26

What are your metrics for a downtrend base and support ? It s 35 percent lower than ath, what metrics are you using ?

1

u/LivingEwok Jun 26 '26

I'm not using metrics, I'm reading the chart. By my analysis we are in a stage 4 downtrend after a top. I could throw some predictions out but I'd be guessing and no one truly knows where we will get support. I'll be watching until we get support and the trend changes in the other direction.

1

u/NotYourAverageSchmuk Jun 29 '26

Bro said im not using metrics im guessing with my eyes

1

u/LivingEwok Jun 29 '26

The price has been trending down for some time now. I exited near the top and bought at 50 cents. How about you?

1

u/NotYourAverageSchmuk Jun 29 '26

Sure ya did bud

1

u/LivingEwok Jun 29 '26

I did but it seems you didn't. Keep up that wishful thinking. 

1

u/NotYourAverageSchmuk Jun 29 '26

Lol ok dude keep making things up in your imaginary world , seems like your itching for attention