/biz/ - Business & Finance

>>51349198
On the weekly chart we are embedded oversold. The pattern is mostly the same as the daily. However this chart presents a much stronger argument that significant downside is still to come. My target is the 200 day moving average at $62.88. I think we could get little pops up here and there with volatility but overall i think the trend is down for the next month or so. Fundamental macro arguments for my thinking, elections, recession fears as fed hikes rates.

So my play is to hold on and keep waiting for buy opportunities.

Athabasca next.