We had a clear breakout of the downtrend, tested the mid 14s and are now looking for a bounce. Ideally we would like to see the 10. 40 area hold and act as new support. Continue to monitor the short ratio on this one.
The chart looks great. The Fib Retracement indicates the current levels are in the golden zone to buy. Consistent volume should bring more upside and potentially push this stock over 2/10/2021 highs. I am in and will continue to buy dips.
NoOneWhoIsSomeone
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How are we feeling at this moment? I'm less and less optimistic, maybe we see a rally going into next week but volume has substantially decreased and we closed out this week very weak IMO. What's your take if you don't mind me asking?
ScottEff
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@NoOneWhoIsSomeone I’m actually feeling the opposite. I like this setup and will be looking to increase my position on a further dip for a midterm swing play. That said, I’m fairly new to trading and am mainly posting here for my own educational purposes.