On the above 6-day chart price action has corrected 75% since the sell signal back in November 2020. A number of reasons now exist to be long, including:
1) Double ‘incredible buy’ signals. Awesome.
2) Price action and RSI resistance breakouts.
3) Price action is arrested by past support / resistance.
4) Regular bullish divergence following capitulation. Lovely.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade Risk: 6% of portfolio Timeframe: Rather not say Return: 100% for starters
Allow 3-6 months on ideas. Not investment advice. DYOR
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