Entry: 87.30 Target: 92.53 Stop: 85.34 Within 8 weeks, opportunity to add more at REBZ
Analysis on chart.. risk/reward currently at a great level
1) From Jan 2009 until now, we observe that Price has been trading in an overall up trend channel, marked by the solid blue lines. This defines the general long term trend as bullish. 2) However, within the overall long term trend, there was a period of sideways consolidation between June 2010 to Dec 2011. 3) The actual up move in price happened when price broke...
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double bottom formation with a pinbar confirmation
> Year long uptrend though may be flattening out. Failed just over 75, now showing possible set up for anti. Must wait for pullback, unless 1 FEB was all it'll get