Hi,
Stocks swing (mean revert) most of their lifetime. I think the figure is about 75% of the time they will do this. 25% of the time they breakout and trend. It's definitely broken out - on two fronts - a double bottom and a descending triangle within days of each other. So that's very strong technically. Today it closed on a longer term trendline (see below) and I think it has a decent chance of pushing through that also. Things are just lining up nicely on that front.
Hi, Stocks swing (mean revert) most of their lifetime. I think...
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