MACD looks like it will crossover very soon. Trading price is also below the 200 day moving average. Strong indicators there is likely to be a reversal soon. Combined with the other two recent analysis done, all three have strong indications for an upcoming reversal.
Additionally at the current price of around $875, Other various strong indicators suggest a $1350 price target fairly soon. Entering now with a stop loss at $757 and a profit goal of $1350 would yield a 1:4 risk reward ratio. Which is a fairly healthy stop loss in the situation, as it is rooted in the secondary support level.
Now we have an Andrews pitchfork analysis predicting a reversal
A Bullish Pennant predicting a reversal
And now a MACD crossover seeming to predict a reversal.
This is not investment advice, make your own assessments and measure the risk involved. Manage your money well and good luck to you all!
I am going long.
Additionally at the current price of around $875, Other various strong indicators suggest a $1350 price target fairly soon. Entering now with a stop loss at $757 and a profit goal of $1350 would yield a 1:4 risk reward ratio. Which is a fairly healthy stop loss in the situation, as it is rooted in the secondary support level.
Now we have an Andrews pitchfork analysis predicting a reversal
A Bullish Pennant predicting a reversal
And now a MACD crossover seeming to predict a reversal.
This is not investment advice, make your own assessments and measure the risk involved. Manage your money well and good luck to you all!
I am going long.