It's pointless to forecast, but as a long holder of the stock I would like to see a test of October lows: It's important to have a strong base from which demand can be built. The spike low looks vulnerable in itself, and was generated through the prism of panic. What's needed is a more rational assessment of demand, ideally built up over the next few months. I have marked support and resistance levels to watch, defined through Fib retracements.
It's important to add, I'm looking at this through a long bias as a shareholder. It's not a call to buy.
Yorumlar
fallondpicks
⋅
This finally made the break at the time marked on the chart, although the path was more bullish than I had projected. Just a bit of fun, making the new high is more important to me than how it got there!