Textbookreboundoff ofsupportof along-term price channel. The technical setups don't get much better than this.
Bottoming Pattern
We even saw abottoming patternin thereverse head and shouldersbefore the officialrebound. This makes the prospects of a bullish swing trade even stronger.
Buy Now? Or Wait for a Dip?
I should say that this ticker has moved up so much already today. Personally, I would wait for at least a small dip before joining the ride.
Do you think it is a good time to buy into this name?
Good Luck Trading
As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.
Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.