After a few days of correction in the markets, we are starting to see technical "values" emerging. JD tested the 50% fibonacci retracement support @ 59 this morning, forming the 2nd bullish candle within 3 days. The bullish divergence between price and stochastics is also getting apparent.
Long @ 61 for a short term swing up to 69 (initial target) with an initial stop @ 59.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Long @ 61 for a short term swing up to 69 (initial target) with an initial stop @ 59.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.