here i just took a look at the weekly and monthly charts as i want to get long the company and scale into a position. ive noticed two main trends one for a short opportunity to the downside as the the head and shoulders pattern follows through and a buying opportunity to follow or as a contrarian play to a head and shoulders revers breakout
ive entered in 4 positions from 167.55 to 170 I have a stop loss at 167 for half my shares and re entry at 155 if it dips . the other half will long in lue of hopeful trend turn around I don't really think itll go much lower than 155but it can
man I made a price trend prediction earlier last week and just yesterday I was talking to some folks and was saying how wrong I think I was at one point on there I thought differently and I pulled it up after work today I was actually pretty damn close!!!
just a little analysis. looks like were still a couple of days away from any kind of bounce attempt but it looks like our post flag equilibrium from our all time highs is gonna tighton around the 170 mark
to me on the charts it looks like we are witnessing the equilibrium after and enrgy shift from bearish to bullish I think were ready to see ltc and btc return to their highs priop to the latest sell off wed be lucky to see some blue sky breakouts but I think morte likely we will rise to just under the record highs before seeing some consolidation
