Unclear what is going to happen... probably not a good idea to trade this right now.
Can trade small position within the channel, although risky to trade against the trend...
Bull case:
Bear case:
Can trade small position within the channel, although risky to trade against the trend...
Bull case:
- potential bull flag setup
- good relative value (in terms of performance) to S&P 500
- holding peak-price support from 2017 so far
- better to wait for confirmation of bull flag?
Bear case:
- touching medium/long-term (2011) channel resistance
- RSI-W at low levels, but not oversold yet
