Massive falling wedge

This is definitely not the time to buy as its in a major down trend and it seems to be rejecting resistance next earnings is in march, which gives a lot more time for this stock to keep falling, which i am doubtful will change the trajectory of this stock. Even the Iran situation had very little effect. If you have seen my post on oxy, I believe that this is in a similar situation, where it was in a massive falling wedge , so when this goes up there will be massive upside. I plan on buying on the next bounce, then setting a stop loss and adjust it as it approaches resistance. I'm doubtful that a second bounce happens based on how this price action is moving. It's worth to keep this on your watch list.

If there is divergence on the next bounce, I will take the trade. Moreover, I do think by the time this bounces Natural gas and oil will have a bull run.
Comment: With all thats going with corona virus this whole set up is invalidated.


This is incredibly set up. Good eye.
Agree. Watching this stock too.

Can you do an update on when is a good time to enter? I'm planning on entering on the bounce, confirmation of recovery.
gNnairdA daverb
@daverb, maybe when it hits support but as of now no position, especially considering this shaky market
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