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I like the coiling action in this name right above a long term support level. dont know what the catalyst would be to trigger the move. but im looking for an upside move over the next few days. #on watch
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The vast majority of us traded stocks and etfs all share this same price pattern.
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I see no reason for me to go bottom guessing here.i will let it play out as planned .
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the markets are clearly under pressure short term. i see no reason to gamble on bottom picking right now. sit back ,analyze then pounce when the time is right. message to myself.
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Currently im neutral on the name, need to see some price stability before i get involved on the long side.
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