The Fed will increase rates indefinitely this year, which in turn will make USD stronger.
This furniture company has majority of its earnings in USD.
Fundamental: Good.
Technical:
Price has moved out of the recent downtrend line.
I've mapped out my interpretation of the Wyckoff phases in play. Currently looks to be in accumulation again.
The most recent price action remains my best guess but can only be accurately predicted in hindsight.
It can be another upthrust though.
For now, one can consider low risk entry close to the MA200.
This furniture company has majority of its earnings in USD.
Fundamental: Good.
Technical:
Price has moved out of the recent downtrend line.
I've mapped out my interpretation of the Wyckoff phases in play. Currently looks to be in accumulation again.
The most recent price action remains my best guess but can only be accurately predicted in hindsight.
It can be another upthrust though.
For now, one can consider low risk entry close to the MA200.