Today I decided to post an update on my initial U prediction made a month ago.
Here is what happened:
Price broke out of the long-term downward trend sooner than I expected.
Trend line got softly backtested and held.
Supply level at 139 level was reached.
Return to strong 128 demand level.
As much as I love this stock I do not believe it will keep the pace on the way up. I expect it to hard backtest the red trendline. If that holds, Scenario #1 will still be intact.
It is also clear now that Scenario #2 did not play out, which is obviously good.
Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.