Looks like we bout to hit bottom. This should be a good place to go long. If it breaks down more, then you can always bail at a stop loss, but this right here is a seven year low. With the recent job cuts and 5G around the corner, I fully expect a rebound.
Also every single analyst right now is telling you to sell. Thats a buy signal in itself.
Thats the in your face bounce we were looking for. Wait for earning. ;) this shit is going back to $5.
I am going to scale some out of my position as we approach 2.95 - earnings call soon. I expect the call to be good.
Trade closed: target reached:
Exceeded my target and then some. Closed most of the position. As always let a small position run.
This is why you let your winners run. Telstra rally on Huawei ban (they use ericson).