We have pierced through the 0.786 fib retracement which is a sign of strength but it’s too early to call this the start of a bull run. We could quite easily fall back down if we fail to break the RSI resistance which is not too far away. I favour a break of the RSI as it will be the fourth attempt, but if we fail I intend to close out some of my positions to stay on the right side of risk. There’s a lot of greed and fomo entering the market again so I’m certainly not looking to fomo into more stocks here.
Not financial advice, do what’s best for you.
Not financial advice, do what’s best for you.
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