-Oversold on the 1W chart (not shown).
-Oversold on the daily with lots of bullish divergence showing up in the indicators I like.
-This is worth watching for a reversal, imo, especially if price prints an inverted head and shoulders pattern, which it may be about halfway through printing now.
-We may see support and consolidation around the $110 level before a reversal.
-If a new uptrend starts, my long-term price targets are $155, $180, $230, and $300. There's pretty good confluence between my horizontal support/resistance zones and fib extension levels to support those targets.
-Whatever happens next, I'm keeping my eye on this one. I think it has a lot of potential once it completes a reversal and begins a long-term uptrend.
Never trade based on someone else's ideas.
Have fun, and good luck!
-Oversold on the daily with lots of bullish divergence showing up in the indicators I like.
-This is worth watching for a reversal, imo, especially if price prints an inverted head and shoulders pattern, which it may be about halfway through printing now.
-We may see support and consolidation around the $110 level before a reversal.
-If a new uptrend starts, my long-term price targets are $155, $180, $230, and $300. There's pretty good confluence between my horizontal support/resistance zones and fib extension levels to support those targets.
-Whatever happens next, I'm keeping my eye on this one. I think it has a lot of potential once it completes a reversal and begins a long-term uptrend.
Never trade based on someone else's ideas.
Have fun, and good luck!