LIBERTY INTERACTIVE CORPORATION - SERIES A QVC GROUP COMMON STOCOn the above weekly chart price action has corrected almost 90% since the sell signal (not shown). Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action is printing on past resistance, look left.
3) Bullish divergence.
4) Weekly Dragonfly DOJI candle.
5) No stock splits.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= $1.25