Canidate for a major come back. Tech Safety Play. Venmo
1) Lets see if this beaten down stock can return to the 72-77 area and again hold there or maintain ground in the high 60's.
2) I want ribbon compression and eventually a 50 cross thru 100,150 then 2000 day ema.
3) Back test of some structure and a strong rxn.
Fulfillment of these things would be a major buy signal for me. I'm already willing to buy this at these prices regardless. A more engaging trade/portfolio add would fulfill my 3 requirements.
Practice Patience, Know the cycle you are in, realize that 10Y bonds have made a trend break, signifying these markets will eventually reach some real turmoil. Adjust the portfolio accordingly and diversify. Stay aware from YT fear mongers.
2) I want ribbon compression and eventually a 50 cross thru 100,150 then 2000 day ema.
3) Back test of some structure and a strong rxn.
Fulfillment of these things would be a major buy signal for me. I'm already willing to buy this at these prices regardless. A more engaging trade/portfolio add would fulfill my 3 requirements.
Practice Patience, Know the cycle you are in, realize that 10Y bonds have made a trend break, signifying these markets will eventually reach some real turmoil. Adjust the portfolio accordingly and diversify. Stay aware from YT fear mongers.