Not seeing any signs of reversing yet, in fact I can see a slight reject at the wedge line again this week and now the price action is staying below the 0.618 Fib, the 50 Day MA continues to slope downwards too.
We are very close to our buy zone here, where I consider this to be at an undervalued price.
I know some members have started to add here already and I'm sure their strategy is for long term.
I will consider buying here but I am in no rush right now.
I would prefer to add to $CVS and $ZM, and wait for $SQ and $PYPL to pull back further to add, would of course love $BABA to get to $88 too to add again.
Alejandro Rodriguez
2023-07-21 17:22:15 +0000 UTC