Just wanted to modify my comments about the bounce target, as there is further upside possible. Reworded below.
That bounce (over several months) IMO should be at least 50%-60% - all the way to the top of the bottom channel (ie. about $38-$40). At which time you should consider whether or not to sell as it could then fall back down to the bottom of the bottom channel.
Alternatively though, it might actually have enough strength to run back up to the top of the top price channel (and the midpoint of the 2 price bands)at $50.
Just wanted to modify my comments about the bounce target, as...
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$28.74 |
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