On the above bi-weekly chart price action has corrected 97% since the sell signal printed in late 2020. A number of reasons now exist to have a long position, including:
1) You know why..
2) Price action and RSI resistance breakouts.
3) Multiple oscillators print positive divergence with price action.
4) No stock splits.
5) Some other things, will say elsewhere.
Is it possible price action falls further? Sure. Is it probable? No.
Ww
Type: investment Risk: <=6% of portfolio Timeframe:1-2 months, no rush. Return: no idea Stop loss: will say elsewhere
Trade active
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Support confirmed. And my my, what a confirmation.
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GRM support confirmed
Trade active
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on support
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still on support
Trade closed: stop reached
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Until the weekly chart confirms the support, the stop is triggered.
What is the next resistance level? would love to hear your thoughts about this one
thx for the great work btw, Im planning to invest in workhorse