DoujinStars
The Long Investor
The Long Investor

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$XYZ

$XYZ is incredibly back in the BUY ZONE again, this was at $98 in December and has lost nearly -50% of its value and the impulse wave has completely broken down.

I believe $XYZ is range bound now for the rest of the year at the very least

That being said, if support can hold above the bottom line at $38 and can consolidate sideways, we could be looking at another $PYPL situation before it broke out.

Right now if you are considering a position, I suggest waiting for support, a lot of sellers have offloaded here lately.

$XYZ

Comments

@cap Can you explain how the trend pattern has changed from an 1-2-3-4-5 impulse wave pattern from March 3 to W-X-Y here?

Tejas

Very good spot Diego....it does indeed

Gareth Neary

Cap, does the 56 region look like same level as the other shoulder? H&S bottom..

DiegoTheSabre17

If it holds 38.. I might load up on this one once again

DiegoTheSabre17


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