The share is heavily oversold and the stochastic has broken upwards.
The commodity channel index has also given a buy signal.
The double bottom will be confirmed above 18-17, below 16-81 the share will warn again.
Buy: 18-17
Stop loss: 16-80
Target: 22-22
The commodity channel index has also given a buy signal.
The double bottom will be confirmed above 18-17, below 16-81 the share will warn again.
Buy: 18-17
Stop loss: 16-80
Target: 22-22
Trade active
Double bottom is nicely in play but those who want to use a trailing stop can use $19-90Note
After the small pullback and again support. A higher low will be confirmed above $19-99 which will be seen as positive for more upside.Trade closed: stop reached
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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.