Seems you where initially right. The Elliot Wave is something to take into account. If I would put 2 orders in place 3 days ago, one that triggers when the stock goes up and one that triggers when the stock go down, I would be o.k. Do you got a good source for me to learn more about the Elliot Wave?
Kind regards,
EK
Eugene.Krabs
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Nice post!
Did you consider the volume? Energy is slowing down. MACD, reliable in the past, indicates the stock could go down. MA in your picture is almost crossing the stock price. IMO the stockprice is a bit overstretched. Retracement is more likely IMO.
Kind regards,
EK