The prices of the firm are supported this week from the 144 weekly SMA. The oscillator RSI is in the iper sell zone. I took a position long til around the level of 110. SL and TP are indicated on the chart
i think this is a huge decline and might be collapse, the chart reminds me with a lot of stocks that had been over valued then collapsed.if it stayed about the support @100 then i would consider there is still gas left to go up.
What do you think ?
GioBru
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@Saeedaldamkh, he stock is in an ABC corrective wave. I guess the natural arrive of this wave is around 73$ on the 200 SMA. Only the time will show us the true.
MrKaz
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I'm pretty sure bottom is somewhere around $70 be careful about getting in early.
GioBru
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@MrKaz, probably you are right, because over there passing the 200 SMA. I did not looking for a bottom, my idea was only for a bound.
;-)
What do you think ?