Agreed. Decided to take a look at the long term
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Posted On: 05/22/2019 9:25:37 AM
Agreed.
Decided to take a look at the long term chart. Makes sense we are stuck at this level as it's long term support so I'd be surprised if it really went a lot lower. The monthly chart is looking similar to a cup and handle which is a very bullish sign. Also last month we had volume exhaustion and it was a red month so this can also indicate a reversal.
I think we hang around this level for a month or two and given some good earnings/PR's we should start to see the bottom curve start turning upward.
Honestly who knows tho....the forecast right now is cloudy but several months out could be perfect sunny days.
Decided to take a look at the long term chart. Makes sense we are stuck at this level as it's long term support so I'd be surprised if it really went a lot lower. The monthly chart is looking similar to a cup and handle which is a very bullish sign. Also last month we had volume exhaustion and it was a red month so this can also indicate a reversal.
I think we hang around this level for a month or two and given some good earnings/PR's we should start to see the bottom curve start turning upward.
Honestly who knows tho....the forecast right now is cloudy but several months out could be perfect sunny days.
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