On the monthly timeframe there is a clear and distinct Eliot five wave pattern, a support on the Fibonnachi 0.236 support line, and the stochastic RSI coordinates as well. Anyone else agree?
Yorum:
If you also look at the one year time frame, there appears to be a significant hammer. With positive volume, I believe this would be a good swing trade up to either the 0.382 or 0.5 Fibonacci resistance lines.