I would like to discuss the recent performance of the Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) AI trading robot, which generated an impressive 5.06% return for MULN over a week.
This kind of performance is what makes AI trading robots an exciting and potentially profitable option for investors.
However, it's essential to remember that AI trading robots should be viewed as a tool to help inform your trading decisions, rather than a substitute for good old-fashioned research and analysis. It's crucial to interpret the results provided by the AI in the context of other market data and your own investment goals and risk tolerance.
In the case of MULN, the AI's Momentum Indicator recently moved below the 0 level on April 24, 2023, which indicates that the stock could be entering a new downward move. This is a crucial development that traders should pay attention to, as it may be a sign that it's time to consider selling the stock or exploring put options.
To provide some additional context, we can turn to Tickeron's A.I.dvisor, which analyzed 79 similar instances where the Momentum Indicator turned negative. In 73 of those cases, the stock moved further down in the following days, providing a high probability of a decline, with odds at 90%.