Price action (Update 30 Mar 2024)
- Since the bear flag rejection off 209, 199 broke and it has since found a good bounce off the "miracle range 160-145"
- The last time we tested 160 was back in Apr 2023
- Past action between 160 and 182 had been weak price action but recent had shown some volume
- Positive is MA5 is now touching MA20 and a positive cross will bode well for break above of 182
Bullish
- Simply need to break 182 and 199/209. Failing any of these levels will just mean bearish!
Bearish
- Another test of 160 will likely mean a break below towards 150 and 145 and 134 down to 119
My plays
- Continued holding since accumulation of shares down to 160
- Will increase positions if 160 breaks below and take at 145
- Sold puts strike 145
Good luck, all!
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