They remain bullish in all three time frames. Buy more.
They continue to underperform and are offering another shorting opportunity.
Their sector remain one of the better positioned assets in this current environment and they have a tailwind one would be wise to respect.
It’s fallen nearly 70% in recent weeks and has now reached a promising long-term technical support buying level.
They continue to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.
It may just be beginning a bigger rally.
While much uncertainty around the coronavirus remains, through the lens of technical analysis, selling has reached exhaustion levels for a bullish trade.
In short, a bullish setup has formed. Here’s how to trade it.
It’s offering intermediate term traders plenty of opportunity.
The recent two-wave selling, coupled with the relative underperformance and severe oversold readings may be overdone and a bounce could be in the cards.