The behavior of the share price shows we are not ready as yet to move lower breaking supports.
The rectangle formation shows the solid ranges, and with stochastic being positive and the tendency to break outside the resistance level around $ 950, it feels we are better of trading it short-term to the upside for now.
the medium-term may not change seeing lower, but we are always seeking an opportunity, and buying is likely the right thing to do.
Strategy BUY current $ 925-935 for a move back to $ 1,075 and place stop-loss below $ 865 for now.
The rectangle formation shows the solid ranges, and with stochastic being positive and the tendency to break outside the resistance level around $ 950, it feels we are better of trading it short-term to the upside for now.
the medium-term may not change seeing lower, but we are always seeking an opportunity, and buying is likely the right thing to do.
Strategy BUY current $ 925-935 for a move back to $ 1,075 and place stop-loss below $ 865 for now.