As I was from watching some videos online, on my mobile phone device, about the current economy we are facing
I later on turned my P.C. on and found this stock which follows the rocket booster strategy.
So what is the rocket booster strategy?
1-The price has to be above the 50 MA
2-The price has to be above the 200 MA
3- The price should be in an uptrend.
Furthermore when I checked the breaking news right here on trading view
I found the #1 catalyst for this stock and it is called "Insider selling"
And so below is my research on
3 Reasons Why Insider Selling Happens:
Insider selling, where company executives or other insiders sell shares of their company's
stock, can occur for various reasons. Here are three common reasons: - 1. Diversification of Investment Portfolio:
Insiders often have a significant portion of
their wealth tied up in their company's stock. To reduce risk, they may sell some
shares to diversify their investment portfolio and spread their wealth
across different assets. - 2. Personal Financial Needs:
Insiders might sell stock to meet personal financial obligations,
such as buying a house, funding education, or other large expenses.
The sale is not necessarily indicative of negative sentiment toward the company. - 3. Tax Planning:
Insiders may sell shares as part of their tax planning strategy.
For instance, they might sell shares to pay taxes on stock options or other
forms of compensation that have been granted to them.
Timing the sale to coincide with a lower tax rate can also be a reason. - These reasons do not necessarily imply a lack of confidence in the company, though they can sometimes
be perceived that way by the market. - WARNING!: Trading is risky and you will lose money wether you like it or not
please learn risk management and profit taking strategies