About a month ago, I pointed out that $CDE was at the 61.% retracement of the whole move up from the crash lows (the lower end of the orange box on this view below). I expected a bounce to the orange box above, and we did get a bounce, but it then settled back at the lows of this range. The divergence here is excellent, and I believe we should continue to target the upper range.
[UPDATE]: This failed to produce the rally I had expected. I will file this under “Unsuccessful Calls.” I will need to monitor the price action from here prior to making a new call.
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