Overall correction looks like ABC Zig-Zag where C wave has formed a falling wedge structure.
Now price has given a bullish breakout of the falling wedge after showing multiple strong bullish divergences with RSI.
Company already took the necessary steps to keep it's balance sheet healthy ahead of the rate cuts. In my opinion, the worst is over now and should be considered as turn around potential.
Those who are sitting with big notional losses may average at current levels as per their own due diligence.
I see 4 digit price in 3-4 years.
For educational purposes only, not a trade recommendation.
Peace!!
Now price has given a bullish breakout of the falling wedge after showing multiple strong bullish divergences with RSI.
Company already took the necessary steps to keep it's balance sheet healthy ahead of the rate cuts. In my opinion, the worst is over now and should be considered as turn around potential.
Those who are sitting with big notional losses may average at current levels as per their own due diligence.
I see 4 digit price in 3-4 years.
For educational purposes only, not a trade recommendation.
Peace!!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。