Posting this as many of you have asked about what's my view on SAVA. I haven't initiated any trade yet on this ticker but here is my understanding for now.
As detailed in the previous trade update, we went down to $47.77 and bounced back, right above golden zone retracement level at $45.98. While i like the Doji candlestick formed yesterday, i don't see much impulse buying yet and volumes are low. I would wait a few more sessions to see if it closes above $54 with high volume than average and then buy back again.
As detailed in the previous trade update, we went down to $47.77 and bounced back, right above golden zone retracement level at $45.98. While i like the Doji candlestick formed yesterday, i don't see much impulse buying yet and volumes are low. I would wait a few more sessions to see if it closes above $54 with high volume than average and then buy back again.
