Looking at the FTR chart, I think you might profitably hope for a couple of really bad days in the market... as that might help to eliminate the indecision and make the call for you.
Timing is everything, of course... and the move lower the last three weeks has been worth waiting out. FTR hit $4.71 today, which looked like a decent entry price on the charts... and the chart looks like a really nice pincher...
Unfortunately, the last five days trading lower have already forced MACD to roll over and head lower, with a move likely to continue in the coming sessions, so, maybe heading lower again, at a point where its already missed breaking out higher from the descending triangles it been painting, and has instead broken out of the last one with a solid move lower... now two days old.
A couple bad days in the market might solidly confirm that move lower... and then maybe we'll see FTR trading lower into new territory... that might take it down below the current level by a good margin.
It's also sitting right at long term support right now, though... so, the next few days to two weeks should be interesting...
I'll not be uncomfortable buying it at $4.71 or below tomorrow, or a bit lower than that over the next few days... and won't mind seeing it drift sideways and a little lower off the $4.75 close today before moving higher... but, if it breaks down below $4.70 and holds lower and trends lower... I'll pull the trade and wait for it to hit $2.50...
Otherwise, I'll think $4.71 at the low today was a good buy...
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