
I’m still holding my position. Like ive said so far its been a stressful trade. I should have sold at the 3.03 level but ive been holding because the cahrt hasn’t closed below the 13ems or 50sma on a 1 month chart. I see this as potential consolidation leading into a possible move higher to 3.5-4. Today the 13ema and 50sma were converging and the chart used the convergence point as a base slowly rising above multiday highs of 2.9. This is the first green day which shows potential trend change. It’s a Friday, there could be news over the weekend but nothing to hint at possible news. The volume was weak which is going against me. Immediately after close (2.87) the price shot to 3 level (aftermarket). This is positive if it can hold. The previous major increase was from a close at 3.03. Its possible to see this again.
wow you're still holding....! hope it works!
Join now or log in to leave a comment