I've adjusted my BLOK Fib retracement according with current market situation, with VLPR it's easy to see that price from here can retrace no more than 40% before reaching a very strong support. I'll keep watching this one more often and I might add BLOK to my bag as well. From here the risk of losing money is definitely smaller than the opportunity of making profit, the risk/reward ratio is >15.
Notice that RSI and MFI are both presenting bullish DIV, my feeling is that this could be the bottom (or almost the bottom) of a possible cup&handle pattern. Don't go all in in case you buy, just DCA!
Good luck
Notice that RSI and MFI are both presenting bullish DIV, my feeling is that this could be the bottom (or almost the bottom) of a possible cup&handle pattern. Don't go all in in case you buy, just DCA!
Good luck
Comment:
Well... it took 46 days but this analysis proved to be right. I hope yo uhave it in your bags!
