- 3D chart showing incredible symmetry just below VMA.
- Daily holding well above 60VMA
- Another daily close above current level would confirm a breakout with possible targets at 11 and 17.
- Bear case: for the volume seen last couple of days, price should have moved up, so makes me wary of fade below 8.
- Disclosure: I am long via commons with 8 as the stop loss for now.
Comment:
not a good look today. If it closes below 8, further downside possible. Still not dead, but bull case is looking weak.
Trade active:
Bingo!! As per the plan, added on hold of 8.5 yesterday. Volume looking healthy now. Can move up to 13 before a pullback.