I'll start by saying, I don't really know. the weekly candles look bearish, but that's not necessarily a negative thing unless you're day trading and long. still well above the 50MA, oscillators and momentum indicators pointing up on the weekly and look to have left that weak momentum behind. low volume selling. classic.
I wouldn't be surprised to see 76-84, it might not even get there, but if I'm looking to accumulate, that would be the range for me personally. for the time being, the investment thesis is still the same as it was a week ago. look away and let the price do it's thing.
once you have done your homework, you need to back yourself. it becomes less about the analysis and more about the psychology of investing.
of course, that's not to say unexpected negative shifts in fundamentals can't happen. but that applies to everything in the market.
My point being - if you're a believer and investor as opposed to a trader, don't do what 90% of investors do, get spooked by volatility. price can be quite telling, but in this case, I don't see anything sinister. low volume, many confluence points to the upside still.
