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"Speculative trading opportunity with the price trading at the bottom it's year-to-date range while also testing the lower boundary of it's 40-day Bollinger Band. The 7 and 14-day RSI is at 10 and 26 respectively (extremely oversold in the ultra short term). Preferred at current levels or slightly lower. Expecting support around current levels with base to potentially develop, before a short term reversal."
TRADING LEVELS:
Entry: 1408c
Target: 1496c
Stop-loss: 1364c
For more research, including trade ideas, get in touch today.
"Speculative trading opportunity with the price trading at the bottom it's year-to-date range while also testing the lower boundary of it's 40-day Bollinger Band. The 7 and 14-day RSI is at 10 and 26 respectively (extremely oversold in the ultra short term). Preferred at current levels or slightly lower. Expecting support around current levels with base to potentially develop, before a short term reversal."
TRADING LEVELS:
Entry: 1408c
Target: 1496c
Stop-loss: 1364c
For more research, including trade ideas, get in touch today.