So when we look at the chart we can see that the price has been going down for a while now and we can see that we are down about 15% from the all time high.
At this moment we are in a zone that I have been looking for a while now to see if we could get some reversals happening and see the price going back up again. We can see that the price did try to break below that zone for a few times already but it was not able to really go below it and stay below it. That's why I have the wick line drawn up in the chart because we did saw before we got the all time high that the price did close below that level but never really went down big below it. I think that as long as we can stay above that zone we could see some big upward moves happening here.
For now I am just going to keep doing what I was doing and keep investing into it on a regular basis. It could be that if we so get a good reversal happening here that I will go and buy more than I would usually do. But for that it is still waiting to see what next week will give us. Wednesday will be a good day to see how reacted on the zone and then we could see if it has respected it and reversed off of it. We do need to have a look at the volume than as well to see if it is a valid reversal or not but that is something we need to wait for and see on around Wednesday. It could also be that the price is not going to move a lot and then we just need to wait a little bit longer.
I will keep this updated when needed and have a daily look at it to see how it is moving.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
At this moment we are in a zone that I have been looking for a while now to see if we could get some reversals happening and see the price going back up again. We can see that the price did try to break below that zone for a few times already but it was not able to really go below it and stay below it. That's why I have the wick line drawn up in the chart because we did saw before we got the all time high that the price did close below that level but never really went down big below it. I think that as long as we can stay above that zone we could see some big upward moves happening here.
For now I am just going to keep doing what I was doing and keep investing into it on a regular basis. It could be that if we so get a good reversal happening here that I will go and buy more than I would usually do. But for that it is still waiting to see what next week will give us. Wednesday will be a good day to see how reacted on the zone and then we could see if it has respected it and reversed off of it. We do need to have a look at the volume than as well to see if it is a valid reversal or not but that is something we need to wait for and see on around Wednesday. It could also be that the price is not going to move a lot and then we just need to wait a little bit longer.
I will keep this updated when needed and have a daily look at it to see how it is moving.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
Okay we can clearly see that the price broke below the zone as soon as we got the market opening on Monday. Good thing that we did not went en bought more shares. For now we can see that the overall market is going back up after a pretty big drop we got to see the last 2 weeks. For now I am still buying some shares every week no matter what the price is and just buy more when the price is really good. Like we have now. I am thinking at the moment to maybe go in and buy some extra shares because the price we have now is just to good to let that slide away.
I did buy some extra shares on Thursday but that was only because I normally do it every Thursday. This time around I just bought more than I do normally.
I personally think that the market is calming down and that we can expect a good and green week to come.
Will update this idea even more when I feel like it is needed.