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If RSI can reverse back above 30 before price breaks the 61.8 on a weekly close, could try long with stops just below.
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On watch for a bounce off the trendline which offers the potential of an inverse head and shoulders.
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has the look of trendline or inverse H & S or CwH breakout if holds gray support area just below, risk $2 reward $4 and $10 at feb retracement zones above
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On RSI negative divergence at a fib extension target, invalid on a close above 777
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EDGE
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DIf EDGE can break above what has been strong resistance, it could head for fib retracements above. Stops on a close below 10
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Rising 200 ma, strong RSI, weekly close above 61.8 targets 30 again, wrong back below 23
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14
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74
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10
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69
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9
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67
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15
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95
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15
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98
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4
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39
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173
164
763
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1497
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4061
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3264
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9324
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3
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24
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867
1446
14863
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1325
875
10514
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4636
4647
95103
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