Traditional|CDR|LongLong CDR
There was a strong and rapid drop of 48.62% in 5 trading sessions.
The fall ended on trend support, attempts to break through this support did not take place and the closing of these days was green candles above the support level.
Two trading days with a breakout of support (14.20.21 and 18.20.21), a new support was formed with the growth of the RSI on lower timeframes.
After a strong fall, a strong and fast rebound of the price to the 0.5 fibonacci level may follow.
Also, if the support is held, growth is possible, but slower.
Take 354,8.
The risk of stop consolidation on the level 232,6.
Marathon of PCE to all time highInteresting fundamentals. P/BV - 0,7 P/E - 33,03. Healthy cash flows, profit. Strategical investments look good considering COVID-19. Fundamental risk to profit is price increase of natural gas.
Interesting technical formations and targets.
Alternative scenario (pink) assumes that current growth only targets to create B from ABC correction.