If TR bounced back and shows resistance at the 50DMA there may be a short swing position to enter. Been resistance for this stock since the beginning of July.
If this breaks above the 50DMA I would hold off on taking a long position because the stock was still on a downtrend when it broke through in May and June. Possible to take a short position if it shows a reversal above the 50DMA in this scenario.
If this breaks above the 50DMA I would hold off on taking a long position because the stock was still on a downtrend when it broke through in May and June. Possible to take a short position if it shows a reversal above the 50DMA in this scenario.
Lots of uncertainty with VIX rising and stimulus talk. Would hate to go short then have this break through and go long.
If this does break through I might consider a long swing but it has shown a past of faking breakouts over the 50DMA so I wouldn't want to hold the position too long.