Don't Buy Yet
Price action failed to break the downtrend after finding support on the 300dSMA. I'll be looking for a bounce on the longer term uptrend or a retest of the 300dSMA. Additionally, I'll be looking at the weekly RSI to reach and rebound of previous all time lows as seen below.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.