My theory on this stock is as follows
- strong buy rated stock with a long term positive outlook
- clear channel boundaries that have been respected excluding a large sell off
- Evidence it is bouncing off the previous range before the sell off
- Last weeks candle and hopefully this weeks candle show a clear indecision in the market (hammer pin bar or something similar) alongside last weeks candle would be fantastic.
My bias would be to go long.
If your view is long term my theory is this trade will be correct.
- strong buy rated stock with a long term positive outlook
- clear channel boundaries that have been respected excluding a large sell off
- Evidence it is bouncing off the previous range before the sell off
- Last weeks candle and hopefully this weeks candle show a clear indecision in the market (hammer pin bar or something similar) alongside last weeks candle would be fantastic.
My bias would be to go long.
If your view is long term my theory is this trade will be correct.