Personally, I would wait for lower but I will preface that comment by saying that PA will tell me where to enter. I am expecting in the 70's and for it to move back down into the channel.
The really weak attempt to push though that psychological level of $1 was a clear tell for the retrace today.
Let's see how BET behaves this week and especially further to the $50m new shares being issued to trade on market Wednesday.
Picking exact entry levels is a mugs game. No-one can do it. The idea is to let the PA tell you a story which mitigates the risk/reward ratio.
If we have news though, anything could happen and the PA story resets. I would suggest that this would be very unlikely in the very near term while my targeted PA plays out.
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