My belief at present is that prices will rest and test the the zone Ive mapped out on the chart. If we receive divergences then that adds weight to the possibility of a low risk entry point. Low risk, High probability. Place your trade, hold your breath and next tgt is 0.19 and 0.31. I guess to some that would be a swing trade? Others would call it a position trade? I like to think of it as another opportunity to make more money. Im not an investor. I dont enjoy making gains and then giving them back. I trade to targets and then Im out. So I took profits a few days ago, and now repositioning for that lower zone. So the point in all of this is to ask whats your trading style? What works for me may well irritate the fcuk out of you. And vice versa. Live and let live for each of us has a different temperament and views the circumstance with different eyes.
Bottom line: Keep your eyes on the price, for price is King. Having said that the market often proves me wrong. Its just how it is. But, if price revisits this zone, I view that as an opportunity. Cheers.
SVL Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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