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Sean HymanSean Hyman
Post count: 4519

Yes, I believe its long-term bottom is in. And I believe we got confirmation of that when it broke that downtrend line. So that’s the good part. The parts that require patience is that the price could trade back down closer to the 50-week moving average and we should be in wave 1 now but we’ll likely have to wait through wave 2 and well into wave 3 before we can take profits on it.

So, it’s likely that we’ll hold this one a 3rd or 4th year. But it’s been a bit since we’ve had one go to the longer side of our average, but it’s always bound to happen.

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