We are seeing confluence of support around $120 approximately.
Risk Reward ratio is great, as we can set a stop below the 200sma.
RSI is still not oversold on such a drastic down movement.
- Test 1: February high
- Test 2: Bottom of gap
- Test 3: 200sma
Risk Reward ratio is great, as we can set a stop below the 200sma.
RSI is still not oversold on such a drastic down movement.