ETC at a crossroad (if it breaks down, bounce at trendline?)
Interesting days coming for ETC.
First it could break up or down in the wedge that has formed in the past week.
If it breaks down though, it could bounce on the 50 day Moving Average which coincides quite well with a long term trend line. In this case look for bounce up, but put tight stops (not clear the future of ETC, and sentiments are mixed about fundamentals), just speculating here.
First it could break up or down in the wedge that has formed in the past week.
If it breaks down though, it could bounce on the 50 day Moving Average which coincides quite well with a long term trend line. In this case look for bounce up, but put tight stops (not clear the future of ETC, and sentiments are mixed about fundamentals), just speculating here.