Price and rsi trends have hit the bottom channel. Should move up to the top now. Could also accumulate along the bottom trendline for a few days before moving to the top.
Very possible scenario. And i agree. What is your trigger to jump in?
Golden_Oracle
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@TheSignalyst, I am in now. My trigger was the touch of the bottom trendline. My target is 39.50. Stop loss is below trendline. If stop loss is hit. then I will rebuy when rsi hits 30.