Long
Previous death cross and near-death cross scenarios
We've seen multiple instances whereby the 50MA crossed back over the 200MA for a death-cross scenario as well as near death-cross scenarios, all with 100% recovery. Will we encounter another death cross scenario with full recovery or a near death-cross scenario as indicated? I'm betting that Bulls will step in due to the strong fundamentals and growth potential of this name.
Note
We saw a little bit of life today. Can a death cross be averted on the daily? RSI is indicating extremely oversold with earnings coming up on 2/20. Let's see how this plays out. Cautiously optimistic.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.