Hitting support line soon. Bounce back possible.
Updated
CD Projekt Red was trading perfectly in the downwards channel.
Interesting spot will be at ~141 PLN. Intersection + Support Level.
Major bounce back possible:
Interesting spot will be at ~141 PLN. Intersection + Support Level.
Major bounce back possible:
- Earnings at 22nd April will be best earnings of company's history
- Short Interest is currently very high (51%). When shorts get covered there will be a big impulse.
- Cyberpunk DLCs and addons in the making
- Possible Multiplayer of Cyberpunk
- Witcher Franchise gets extended
Note
Clear breakout from the downwards channel with green day candle!-> Turnaround is initiated in my opinion.
-> Will open up long position.
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