See the chart. From lows to highs, using FIB 1.618 taget and trendlines...
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Could it break out of the trend, prior? Sure. is this stock burning down? Yes. $1.94 > $1.00 says yes.
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Gone long at $1.00. See potential upside targets. stop at .94
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another view is we could build a cup and handle...
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A big downgrade, this morning. Here's my updated chart.
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Here's an important update. As you know, we blew past the 1.618 extension down, and past the purple lower trendline. But we quickly recovered and now have found support on that trendline. I see this sometimes in strong downtrends and have discovered that the often unused -2.0 fib level aligned perfectly. Something to keep note of and apply to future high-momentum downward moves. Here is the updated chart.
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FSR riding the purple trendline. This has to hold if you're bullish... HIGHLIGHT in YELLOW.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.