It had been bearish for more then a week and I witnessed a short term resistance trend line ( Orange ) forming since yesterday and if it breaks through that expect a rally on the upside and maybe hit last weeks high in the long term .
Text in green is my take profit area.
Wait for the breakout to the downside before shorting.
Don't miss the dip to buy as well..
Great stock to keep in portfolio.
It will not go straight away to break the top, but that's the cheapest you might get 'infy'
I can see very clearly a massive resistance/support zone which was broken and now is being retested with a beautiful candlestick rejection, Monday formed very nice low test rejecting 0.5 level as well as new long term support level.
I will wait for further deceleration and for Tuesday`s intra-day signs of bullish momentum coming in. This analysis doesn't mean it...
Hi guys
Here we have a very nice set up with low risk. The last wave on both eliote wave set up are starting soon. We are on a big support and we just touched the trend line. Don't miss this one.
Good luck :)
