Buying opportunity?
Updated
The uptrend channel is on a massive breakout, seems to be a buying opportunity. We are seeing a large amount of buy volume, which is bullish.
Also notable, the RSI breached 30 yesterday. Today it has rebounded and now 30 is acting as a new support.
Long at 68.85, sell at 78.0, stop loss at 65.00.
**Disclaimer I am an amateur trader and I just want to record my own predictions. So take what I say with a grain of salt.
Also notable, the RSI breached 30 yesterday. Today it has rebounded and now 30 is acting as a new support.
Long at 68.85, sell at 78.0, stop loss at 65.00.
**Disclaimer I am an amateur trader and I just want to record my own predictions. So take what I say with a grain of salt.
Note
My stop loss has not been hit yet, I am still optimistic. Lets see if the market will bounce on Monday.Note
Since we are below 30 on the RSI, right now is a buying opportunity for this trade.
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