Rounding bottom or C&H is forming on PIK. Whichever price breaks up and out of will give a strong buy signal. Other indicators are confirming upside. 7>21 but price is still <200MA. We can expect the price to move up to rebalance with the 200MA which acts as an elastic. RSI>50 Target R52.26
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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