This is your old chart, updated, and closer view, and a new up facing fork. As you can see, I missed your lower support tyne by a couple of cents. Sloppy work that.
The interesting part is the test/retest pattern. This support tyne looks pretty good now it has had a double test. Notice how price jumped back into the old red fork today, then went about retesting the formerly broken red support tyne. Note how the EMA8 points up, and the real body of the candle is above it. I still dont like the way that test missed the blue support tyne though.
Basically it looks encouraging, but that is no excuse not to use stops. You should have been stopped out before this. Having said that, I probably would have missed the buy back.
But if you want to be able to take advantage of buy backs at lower prices, you need to learn how to position, manage, and take advantage of stops.
Please note the position of EMA41, right on natural resistance; and keep an eye on the metals prices.
