Adam_Wu

Adam_Wu Updated 

As shown in the chart, there are multiple support to hold current price. It is likely to rise to a new level.

Adam_Wu

As mentioned in previous idea, the price will rise because of multiple support. It did rise but not very strong. Now it is dropping. The first support is 52.85. If it pass this, it will test 52.6-52.8. If it show up sign in this area, I would open long position.

Adam_Wu

It is in a dropping channel in monthly/yearly chart. And the pattern is relatively clear: 1. It shows clear PinBar before dropping. 2. It show a small drop before the big fall. Looks like a little flag hanging on the trend line. 3. It touches the trend line before big fall. But none of above signal is shown, so my wild guesses are: 1. It will keep rise in...