Below looks at an asset that fell over 90% the past couple of years. Is an opportunity at hand? If so what would you do?
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The 90% decline took this asset down to test 20-year rising support line (2), which so far has held.
What would you do with this opportunity asks Joe Friday? If you would like to know what this opportunity happens to be, send an email to services@kimblechartingsolutions.com and we will send you the name of this chart early next week.
Full disclosure- Premium members went long this asset yesterday and have been blessed so far, as the asset is up over 10% since the purchase.
Chart pattern analysis with brief commentary:
There is a ton of news and opinions about markets and stocks that make the decision-making process more difficult than it needs to be.
I believe the Power of the chart Pattern provides all you need to see what is taking place in an asset and determine the action to take.
This approach has worked well for me and our clients and I encourage you to test it for yourself.
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