When a long term down trend line (weekly chart) is broken and returned to and provides support (weekly chart at "2" it can be a sign of positive things to come. Point 2 is near the start of the daily chart. Just looking at the chart pattern on the daily chart I favor there may be one more down move before the correction ".2" is over. Maybe not. Personally I am waiting to see. If it does could provide a good buying opportunity. Long term target around 70.
I am in to charting not fundamentals. But Goldman recently upgraded this to buy. Ford Equity Research calls it a strong buy. So some folks smarter than myself financially think there is something positive going on.
Take care. Process your way.
I am in to charting not fundamentals. But Goldman recently upgraded this to buy. Ford Equity Research calls it a strong buy. So some folks smarter than myself financially think there is something positive going on.
Take care. Process your way.