Congratulations for everyone that managed to jump in at 4.5 level. More to come.
With the current OIL situation, this position became more interesting for a lot of investors due to its volatility. This sideways motion is probably caused by a lot of 4.5/6 investors selling off for already huge profits (70-100%).
(Selling caused by current OIL market uncertainty).
I, however, think there's still huge room for next bull runs.
(Personally targeting 14.5 and checking again for next potential high)
Not a financial advice. Just observation!
With the current OIL situation, this position became more interesting for a lot of investors due to its volatility. This sideways motion is probably caused by a lot of 4.5/6 investors selling off for already huge profits (70-100%).
(Selling caused by current OIL market uncertainty).
I, however, think there's still huge room for next bull runs.
(Personally targeting 14.5 and checking again for next potential high)
Not a financial advice. Just observation!