The stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification 1. closed out of downtrend regression channel 2.Made an engulfing covering the previous candle completely. 3. Trend line support. 4. Mostly at this level of RSI it changes the trend. 5. Trend reversal...
Indicators are telling that price may try to reverse at this level, specially the RSI divergence when appears in oversold area. I will go long with small stop loss just some ticks below the low made today. IF it works it can give decent return so one can take chance by risking small amount. Good Luck
Look to accumulate the stock in 3% range with a Stop-loss below 460 and Target of 600 over the next 3-4 months
Silver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance $17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades