I like this etf here and this is why:
The stock bounced at a very strong support line.
The stock also bounced at the 20 MA so that brings more strength to the bounce.
What i like the more is the shift of emotions that we see today. So as you can see the stock went down the last couple days but today this is different , the emotions completely change from bearish to bullish. When you see a very strong candle down like yesterday , you can say that the bears were in control of the move but today it change, it opened and went up all day and close very strong so i am expecting a move on the upside.
The stock bounced at a very strong support line.
The stock also bounced at the 20 MA so that brings more strength to the bounce.
What i like the more is the shift of emotions that we see today. So as you can see the stock went down the last couple days but today this is different , the emotions completely change from bearish to bullish. When you see a very strong candle down like yesterday , you can say that the bears were in control of the move but today it change, it opened and went up all day and close very strong so i am expecting a move on the upside.
