Rockwool has broken out of important areaThe stock has broken out of important area. Await for a pull back and then consider long position.
LongWhat traders are saying
Long
Rockwool correction over?As i see the large upgoing wave, we're in a wave 4 correction, and right now we are at 50% retracement which also was the turning point from wave 2, additionally we're close to the 200MA Weekly.
I expect atleast a short upward move, as I'm always quite skeptical with quick corrections.
This idea is based on this being the bottom, and I've remained konservative.
Reconsider if it breaks the black trendline top from before the big rise up.
Happy trading.
Long