Post by
Snowballer on Jul 08, 2023 11:19am
Still Long & Will Add To My $4 Average On Weakness
I suspect we see a sideways price channel under mid $5's for some time yet. $5.60 is the 200DMA so until we are established over the 200DMA, BTE remains in a bear market. We did not hold above the 50DMA on Friday but perharps next week we break above it and hold.
Anything below the 200DMA is buying territory for 'long term investors'. As a swing trader attempting to buy a healthy spread I won't buy anything above $4's.
I'm also looking to sell anywhere between $6 and $7. Would be great if that target get's hit prior to 2024... then get smacked down hard on actual recession next year maybe? Who know's.
GL
Comment by
dllscwbysfn on Jul 08, 2023 2:04pm
I think I got what you are saying, lol. It could go down mentioned twice, it could go up mentioned twice. Who knows!!?? Clearly you know because you will be right because all bases are covered. Funny stuff.
Comment by
Snowballer on Jul 08, 2023 3:41pm
Lol you remain lost as ever and always only know one direction. Some of us are a little more nuanced;)
Comment by
Snowballer on Jul 08, 2023 3:46pm
You and Riski are the same type of "investor" lol Don't know when to take profit and couldn't grasp trading ranges and momentum if your life depended on it lol
Comment by
dllscwbysfn on Jul 08, 2023 5:45pm
You are right, I am not a trader but I do quite allright thank you very much. I am not a billionaire like you who KNOWS when.... But your previous post was just a mishmash of info so I thought i might poke the snowman a little.All in good fun though, hope thats how you see it!!