Mara: the more conservative approach in my opinion would be to wait for the gap fill below prior to starting to accumulate as price consolidates and hopefully starts to move to the upside.
only for illustration purposes not trading advice.
It hit your golden buy zone perfectly. Does it bounce now or is it going lower?
EMKM
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@Thnacks, it bounced up 20% already. A more conservative buy will be on a pull back and not trying to chase it as it already made a leg higher. My own personal opinion not a trading advice"
Thnacks
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@EMKM, I agree. I am waiting for a .5 fib retracement to around 3.75, but so far multiple support tests of 4 have held.