As the current downtrend is getting slower and bears lose pressure we might be able to see a turn in this stock. If price shows a strong break over the Trendline we'd be looking at an opportunity for a long up to 15,80 where Price will meet a strong rejection area.
If the 4th touch ends up not breaking the trend we'll keep our eyes peeled and wait if in there...
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED BUY ANALYSIS.
1) STOCHASTIC OSCILLATOR OVERSOLD CROSSING FOR LONG MOVEMENT.
2) POTENTIAL CHANNEL'S TREND LINE BREAKOUT
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
