I have a love hate relationship with this stock as it is volatile as you can see from the chart.
You can be in the money today and the next two days, it could dampen your mood by heading south once more. Then , when you give up buying, it offers you an element of surprise.
Anyway, the 4H chart shows a possible breakout around 1.80 level or it could revisit the 1.60 level support once more before rebounding.
Trade with care .
You can be in the money today and the next two days, it could dampen your mood by heading south once more. Then , when you give up buying, it offers you an element of surprise.
Anyway, the 4H chart shows a possible breakout around 1.80 level or it could revisit the 1.60 level support once more before rebounding.
Trade with care .
Comment:
1.785 price level where it breaks out nicely from the bearish trend is a good entry point. For those who did not catch it, avoid going long now. Wait for the pullback as it is likely to meet some resistance at 1.921 level and a correction is forthcoming...
