Summary
This one started off good right after the buy but has failed since going through the pivot. It’s not pretty, but I’m not too concerned just yet. The volume was super low all day and picked up some into the close, where it made a little bounce off its 20-day. This pullback could just be a retest of that MA, and the 50-day is coming up on it quick. Again, being in a bear market is my biggest concern, otherwise the setup still looks good. I’m thinking the 20 and 50-day MA’s will support it and give it a needed boost, but if not, it may be time to bail on this one.
