I like the coiling action in this name right above a long term support level. dont know what the catalyst would be to trigger the move. but im looking for an upside move over the next few days. #on watch
The vast majority of us traded stocks and etfs all share this same price pattern.
I see no reason for me to go bottom guessing here.i will let it play out as planned .
the markets are clearly under pressure short term. i see no reason to gamble on bottom picking right now. sit back ,analyze then pounce when the time is right. message to myself.
Currently im neutral on the name, need to see some price stability before i get involved on the long side.