Axis line became support. 2.55 - is a very strong support-since records began. It truly looks like the bottom.
Let the red line break 2.976 and then let it be tested to see if it became the support or not n then go long.
It could really be a long of lifetime. However, if we break 2.55 then it's just a lost cause ...
Monthly and weekly time frames both look Bullish.
Earnings coming out.
If good-this could go parabolic.and then consolidate like 2013 June
If bad- weekly support at 93xx and 88xx - Hard monthly support is around 82xx n 71 xx
I'm sorry for the xx- but I don't know how to enable the number system that would ...
Support is actually around 37.88 not 39.60
How do we know that's the support? well-going back to 1990 until now it has acted as support and resistance line.
Also known as axis line has to be tested.
Wait to go long- if planning for short have a good SL around 43
For longs- if cannot wait to go long at least ...
See the pattern
6-8 month accumulation then upside !
Time is close for a bounce since range is getting tighter and tighter.
So if you wish to go long set a stop around 2.55 NG but I'd say wait for an upside confirmation.