The GAP down was severe, and any such moves usually attracts corrections.
The RSI is oversold, and this creates a careful small incremental buying of the share.
Strategy is BUY current $ 230-240 and add if weakness sets in further. I suggest no stop-loss for now since severe moves will correct. Profit order I feel $ 290-310 area.
The RSI is oversold, and this creates a careful small incremental buying of the share.
Strategy is BUY current $ 230-240 and add if weakness sets in further. I suggest no stop-loss for now since severe moves will correct. Profit order I feel $ 290-310 area.