On the above weekly chart price action has corrected 97% since the sell signal printed in February 2021. A number of reasons now exist to have a long position, including:
1) You know why..
2) Price action and RSI resistance breakouts.
3) Price action prints a double with higher lows in RSI.
4) Stochastic RSI prints hidden bullish divergence, fantastic.
5) No stock splits.
Is it possible price action falls further? Sure. Is it probable? No.
Ww
Type: investment Risk: <=6% of portfolio Timeframe: Don’t know. Return: Will say somewhere else Stop loss: <= 2.40