I sold my QDEL holdings after seeing the bearish reversal pattern, now opening a gap, it might go lower towards the bottom of the channel again. It is close to the channel midline, but I think the descending black trendline is the one to look for.
I will be entering again when I see strength, probably below $130 depending on the price action.
I will be entering again when I see strength, probably below $130 depending on the price action.
Note
well channel bottom is incoming it seems :) it was kinda obvious. Now I will wait for a good candle with a momentum confirmation to reenter the positionNote
support line holding like a charmNote
close to lower support of the channel now. Expecting a bounce near $123Note
bounced from $120 to the channel midline. off by $3, works for me :)Flip $145 and we will go to the channel top, otherwise choppy price action towards $130 and maybe below
Note
failed to flip. support at $135
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.