I am going to look for long opportunities in the stock and trade whenever the price looks right.
Areas I'm looking at :
- Current price too, 1st target of upper line. - Breakout above line with a feasible SL. - If it goes down, any price close to yellow trendline.
As with every chart, I will update it with commentary.
THE RATIONALE : It used to immediately reverse from these levels in the past but this time it has convincingly broke those levels. Either we will see immediate reversal or else I expect it to go up in May.
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Flat as of now. Let's see.
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Touched the upper line today. Failed to close above it though.