Watching this one. Many stocks have entered this parallel channel pattern since the beginning of 2019.
Fib channel shows good heartline support.
It all depends on what happens with the financial system and stock market in general, but nice swings have been playing out here.
As you can see we are in a downtrend but also part of a channel, we can see key areas where price has respected this channel and either gone short or long.
As you can see at the moment we are at the support area on the channel and i expect to see this go long to the marked out area.
The fib channels also show certain levels in the channel where I wang price to...