@aarriagada4264, Given this is on a daily chart - Yes. Reason - As the stock didn't break the previous pivot low from 14th July. Its definitely not doing what i would like it to do but the only thing we can control is our risk - reward management. Holing on to 1:2 risk reward ratio.
@prashant22867, yes you're right; $16 has been a very strong support. We will see this friday 31, after Q2 ER, whether $16 will be broken or not. I think, and I hope, than $16 is the floor; if it is able to finish the day more than $16, then the stock should go up, since Q2 would be the worst quarter. What do you think?
Hi Parshant, great analysis, can we discuss this in a bit more detail? I would like to understand this, please. Explain the basis of your projections? I am in Canada and would like to talk to you if this is convenient. I am totally new in trading, need some help. I have both US and Canada numbers and my email is firstname.lastname@example.org THANKS