Nice setup for a long position if you are patient.
Nice entry point for a LONG at position 'D'. This entry point may only work with support on the 50MA.
If the 50MA is broken, look for support at $1.88 and a solid reversal confirmation. If this happens there is a potential for Bears to create a real wall at the 50MA again.
BE CAREFUL!
THE ABOVE IS JUST MY OPINION.
Nice entry point for a LONG at position 'D'. This entry point may only work with support on the 50MA.
If the 50MA is broken, look for support at $1.88 and a solid reversal confirmation. If this happens there is a potential for Bears to create a real wall at the 50MA again.
BE CAREFUL!
THE ABOVE IS JUST MY OPINION.
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ThingumyBob
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