By Monday, a signal to exit shorts or buy into strength to capture a potential rebound in the stock will trigger.
Keep an eye out for a new daily high to enter longs, stop a bit below the recent lowest low is fine.
Hold the trade for 5 business days or until it reaches the target shown by the rising arrow.
If it remains sideways instead of rally, it will likely trigger a new bearish trend signal, indicating continuation to the downside.
The long term trend was bullish as per quarterly data, so I am inclined to think the dip will get bot.
Best of luck!
Cheers,
Ivan Labrie.
Keep an eye out for a new daily high to enter longs, stop a bit below the recent lowest low is fine.
Hold the trade for 5 business days or until it reaches the target shown by the rising arrow.
If it remains sideways instead of rally, it will likely trigger a new bearish trend signal, indicating continuation to the downside.
The long term trend was bullish as per quarterly data, so I am inclined to think the dip will get bot.
Best of luck!
Cheers,
Ivan Labrie.
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.