this stock builds a very strong support about 48$.
Buy now you have a very good ratio.
It is about almost 9.
Maybe also again a cup and handle formation.
Buy now you have a very good ratio.
It is about almost 9.
Maybe also again a cup and handle formation.
Trade active:
Normally I would have had to close this trade because yesterday's closing price was below the SL. However, I found the market too oversold and wanted to wait today. The price bounced off the 200 weekly moving average and things are looking better again. I'll let it run for now.
Trade closed manually:
about 8% loss