We had a clear breakout of the downtrend, tested the mid 14s and are now looking for a bounce. Ideally we would like to see the 10. 40 area hold and act as new support. Continue to monitor the short ratio on this one.
So you're expecting a retest of $10.40 area before pushing to $17+?
Do you expect the fact it's trending on WSB to affect this analysis in either direction?
ScottEff
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@HalfCupTravel, I was...but yes, WSB could give this an extra boost. I thought maybe we would dip back into the 10s today but that doesn't appear to be the case. 11.50 would be my ideal dip buy trigger at this point.
Do you expect the fact it's trending on WSB to affect this analysis in either direction?