Between a rock and a hard place

Historically, when when the price is between the 200 sma and the 290 sma on the weekly has been a great buy opportunity. In 2015 and 2019 price exploded after touching the 290 sma (yellow line). But, the best thing to create a healthy bottom is to trade sideways for a few more months before we explode :)

Commentaire:

I meant 2020, not 2019