POWR finally recovering
Ran a Fib extension based off of the surge from 17 Nov through 20 Nov, and the drop on 21 Nov. It looks like POWR is finally seeing a reversal after completely dropping through the previous low on 21 Nov and is now potentially looking to break through the 0.236 band. This resistance can actually be seen clearer on the Fib retracement drawn from the high on the 23rd to the low of today.
The 50 day MA finally appears to have changed direction, so it looks like POWR has hit its current bottom and is ready to move back up.
Any feedback on points I missed is welcome.
The 50 day MA finally appears to have changed direction, so it looks like POWR has hit its current bottom and is ready to move back up.
Any feedback on points I missed is welcome.
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