Booking Long Term Buy?
- RSI below 30
- Around Fibonacci retracement support level 1914
- Around Trend Based Fibonacci Extension 1897 support level
- MACD: increasing momentum. However, previous momentum streaks were 10-30 days so I would suggest to wait a bit longer.
- Price dives under Bollinger Bands
- High volumes
Conclusion: wait till panic selling stops (RSI goes up, price back into Bollinger Bands, volumes back to normal). Then get in around 1900 and hold for at least a 10% swing within a year. Target levels at 2050 and 2180.
- Around Fibonacci retracement support level 1914
- Around Trend Based Fibonacci Extension 1897 support level
- MACD: increasing momentum. However, previous momentum streaks were 10-30 days so I would suggest to wait a bit longer.
- Price dives under Bollinger Bands
- High volumes
Conclusion: wait till panic selling stops (RSI goes up, price back into Bollinger Bands, volumes back to normal). Then get in around 1900 and hold for at least a 10% swing within a year. Target levels at 2050 and 2180.
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