I see no further support, but also no reason for it to go lower. Besides bottom of value range at 132. And I do believe the government is not going to f*ck up so much that this doesnt pay in long term. Entries from now on every 5 dollars of drop.
Back in a very good price range, now we have to look out whether we resume the trend back up.
Ready to make U turn. Not very high possibility of breaking the multiple resistance/ support level - strong buying at latest around 2500. Also since July we see HH and HL. Long term trend is pretty clear.
I plan on to increase my position in palantir and these are my levels. We might see 50 before Xmas or at least 40 in January. (not trading advice)
Waiting if support holds - then it might be a buy. if it drops - even better - buy around the gap/ precovid ATH - but actually I dont see much reason for it to drop this low.
Silver has established nice trading channel from recent lows (green) and has tested it several times and it holds nice support. I will try to manage nice entry point at it or if it breaks down to the long term channel (blue) then there - or in at two steps. Then I expect it bounce back to the upper trend line at least. the only thing that spoils my optimism and...
Australian index seems to be in a very stable trading channel (since May) - but it looks like it might break out. It has a lot of upside potential - with the top of the 12 years trend channel quite high above and also the long term resistance (double ATH) being around 6950. Plus Australia has dealt with the covid-19 pretty decently and has no spikes in cases and...
I bought some after the drop, because i expected some bounce... but so far it is not getting better and i get the idea that we might not be done with the drop.
ET had a very bad period with court cases on their Dakota pipeline as well. But the fundamentals dont support such discount. Plus I think that the price and the trend now are good for opening long term long possition. It is at its IPO price, it has been lower only twice and that is in 2009 and this March - the consolidation since then is going to get finished and...