On the above bi-weekly chart price action has corrected over 90% since the sell signal (not shown) at $30. Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action and RSI resistance breakouts.
3) Bullish divergence. Multiple oscillators are printing positive divergence with price action.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= 90 cents