Hi Lionel, Matt.
I'm thinking we are due some good times here. I've been looking at the charts, trades this week etc, and I think we've seen the worst. Liquidity is rising and I made a nice trade at the end of the week to offset some of my paper losses. It could be a great trading stock for the next few weeks and I plan to pay close attention.
On my charts, I have buy signals from the RSI and CMO (my favourite). As you can see we've blown the fib retracement apart still sitting below a 61.8% retracement of the May highs. It's too much and 1.17 was too hard to resist last week.
Here is the chart, comments and criticisms welcome. MA's are ema blue 9 red 20 black 100 green 200
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Hi Lionel, Matt.I'm thinking we are due some good times here....
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