However, from a TA standpoint, your trend lines show an ascending triangle, which is very bullish! Has to hold about here, though, for it to remain valid.

    I've always found it pays to refrain from holding a static bull/bear point of view (essentially a prediction) based on chart patterns. Better, as Steve says, to react to the chart. In this case, one could go long here w/ a fairly tight stop. Or, if the support trend line fails, watch for a backtest and turn down to go short.

    Just some thoughts.

    Roger

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!