Dicey structure here. Debating whether it descended on 3 waves A-B-C, or whether it is on a big formation of 5 descending waves.
This one will carry some risk, so not my all in type of trade. This one carries the same odds as the casino roulette, well a bit better.
Either way, good spot for a bounce whether it is reversing to bull or a retracement on the bear move. Keep stop loss very tight!!!
1. Huge volume setup
2. Zone with previous support zones
3. Targeting $37 in the next few months to the 38% fib, potentially $43 towards the 50% fib
RISK - I would not be surprised if this sweetheart pushes down to touch the bottom of the channel, while having RSI touch 30. This would mean the stock gets pounded to $7!!!! It would probably have to be a market crash or company just mess something up.
That is why I like the casino roulette odds on this once and expect to get to the target by EOY.
Yieahh
This one will carry some risk, so not my all in type of trade. This one carries the same odds as the casino roulette, well a bit better.
Either way, good spot for a bounce whether it is reversing to bull or a retracement on the bear move. Keep stop loss very tight!!!
1. Huge volume setup
2. Zone with previous support zones
3. Targeting $37 in the next few months to the 38% fib, potentially $43 towards the 50% fib
RISK - I would not be surprised if this sweetheart pushes down to touch the bottom of the channel, while having RSI touch 30. This would mean the stock gets pounded to $7!!!! It would probably have to be a market crash or company just mess something up.
That is why I like the casino roulette odds on this once and expect to get to the target by EOY.
Yieahh
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.
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.