$U - RC -
Added 2023-12-19 21:00:04 +0000 UTCA number of requests for $U today, likely because it has run so aggressively too, that is ok and does not mean that the chart has changed either.
The price action has burst through the 200 Day MA and has not taken a breather.
This is not somewhere where we would chase or buy.
A retest of the 200 Day MA would be an appropriate level to buy at $33.
We can not wish for a pull back or a nicer entry point after it has run.
My chart has not changed and the ideal level to buy was when it held support at the blue line.
Sometimes we need to admit when we have missed a run and must wait for a sensible pull back before adding.
Comments
Any chance of a projection of a bit longer term after it hits Y? From your experience, what do you expect over the next year here?
Jesse Gaffey
2023-12-19 21:05:55 +0000 UTC
