Tuesday, October 15, 2019 3:45:41 PM
As of minutes ago, that is. I think it should continue higher from here. This is only the second time it's traded significantly below the blue dashed line since the beginning of the chart, July of 2018. And I think today's retrace is nothing more than profit taking by short-term holders who went long at its recent bottom above $19 -- can't blame them for wanting to take a 10%+ profit in less than a week. So as a minimum I expect it to go higher and tag that declining blue line; and after that it may act as it did last January as it bounced lower off the lower orange dashed line then headed higher into its more normal horizontal range which tops at around $26.
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