Overall correction looks like ABC Zig-Zag where C wave has formed a falling wedge structure.
Now price has given a bullish breakout of the falling wedge after showing multiple strong bullish divergences with RSI.
Company already took the necessary steps to keep it's balance sheet healthy ahead of the rate cuts. In my opinion, the worst is over now and should be considered as turn around potential.
Those who are sitting with big notional losses may average at current levels as per their own due diligence.
I see 4 digit price in 3-4 years.
For educational purposes only, not a trade recommendation.
Peace!!
Now price has given a bullish breakout of the falling wedge after showing multiple strong bullish divergences with RSI.
Company already took the necessary steps to keep it's balance sheet healthy ahead of the rate cuts. In my opinion, the worst is over now and should be considered as turn around potential.
Those who are sitting with big notional losses may average at current levels as per their own due diligence.
I see 4 digit price in 3-4 years.
For educational purposes only, not a trade recommendation.
Peace!!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.