Interesting scenario here, i was expecting the price to retest 32 level but its stopped on 32,20 so what do we do now? oil prices going up which is a good sign of recovery in prices also economy is opening up which is positive again.
I see 2 scenarios from here either the price come little down retest 31.95 zone and bounce from here giving us a buy signal or the price and move up from here aggressively without retracing any further. so what the game plan? in both the scenario i think its better to wait till it gives us a buy signal and indicating that the retracement is completed. Lets wait and watch and not to rush and take the trade. Sure i am looking to buy this stock so i am bullish on this one. Happy Trading
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I see 2 scenarios from here either the price come little down retest 31.95 zone and bounce from here giving us a buy signal or the price and move up from here aggressively without retracing any further. so what the game plan? in both the scenario i think its better to wait till it gives us a buy signal and indicating that the retracement is completed. Lets wait and watch and not to rush and take the trade. Sure i am looking to buy this stock so i am bullish on this one. Happy Trading
Hit Like & Follow