- I analyzed the medium average on the weekly time frame and that hit the support line.
The stochastics on 4h, D, W are all bottomed out, which means a good point of entry.
The crash was due to unmet quarter revenues of the company, but profits were met. By analyzing the history of this company, it has been proven to have a trustworthy pattern. Another sign of confidence was given by Warren Buffet, who has shares in this company and recently bought more in November 2020.
I am looking to keep this stock for the long term, with a generous stop loss at 18%.