re: charts morrijo Not sure I can be much help
50% Is a most common retrace level
this also coincides with a longer period channel midline
the overbought indicators are showing further downside potential historically..however may be just Daytraders
I guess this is where your FA should reassure you or not of intrinsic values and the reason for the last spike? and whether it is different from its previous spike/retrace/plateau history this time.
cheers![]()
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