DOT is very tight right at the 10/21dma and coming out of a bear flag here on the daily.
Invalidation is a daily close above ~$20. If we see $5-7 I would be a buyer.
Just like markets climb a wall of worry, markets cascade on a wall of denial.
Invalidation is a daily close above ~$20. If we see $5-7 I would be a buyer.
Just like markets climb a wall of worry, markets cascade on a wall of denial.
Note
Expecting target 1 to hit as early as this weekend. Should have a bounce there. Eventual target remains between 5-7, but I'd be surprised if it goes straight down with no relief rally from 10.50Note
T1 @ 10.50 - odds are likely for a relief bounce here 
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