My trading plan is very simple. I buy or sell when price tags the top or bottom of parallel channels. I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is negative and at bottom of Bollinger Band Entry at $58.37 Target is $61 or channel top
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