Broke up on strong volume on 11 Feb then retraced and retested this "resistence turned support" 2 days ago. Appears to hold which provided a second chance to stake at low risk for those who missed the boat on the initial breakup.
Keep a tight initial stop loss of about $2 below the support at $50.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
Keep a tight initial stop loss of about $2 below the support at $50.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.