Text me if you have any questions/comments for me.
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XRF
- Previous analysis was done on 23 Sep (red arrow) -> suggested waiting for stock to retrace and rebound successfully
- Since then, the stock retraced strongly to test the mid-term support
- The subsequent rebound was not successful and formed a LH
- Stock tested the short-term support again and today closed at the 0.67 resistance levels (orange line)
- A counter-trendline (blue dash line) shows that today’s price action has closed above
- A successful breakout looks to be around 0.69 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for stock to successfully breakout before plotting entry
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XRF
- Previous analysis was done on 23 Sep (red arrow) -> suggested waiting for stock to retrace and rebound successfully
- Since then, the stock retraced strongly to test the mid-term support
- The subsequent rebound was not successful and formed a LH
- Stock tested the short-term support again and today closed at the 0.67 resistance levels (orange line)
- A counter-trendline (blue dash line) shows that today’s price action has closed above
- A successful breakout looks to be around 0.69 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for stock to successfully breakout before plotting entry