Given the current psychology in the market where even great companies with no question as to the validity of their claims are getting sold off it would be wise to be prundent.
Currently none of the indicators are suggesting a reversal of the downtrend that started in late February.
You asked if you should average down and as a general rule I don’t recommend it. Why add to a losing position?
At this point it would appear that TMB is going to take a breather and the question you have to ask is how much of your hard earned profit are you willing to give up as the stock tests support.
The last three candlesticks also suggest that investors are confident and are buying when FTP pulls back.
It would seem that all the good news has been baked into this story.
I would say that at these prices and and given a very long term investment horizon you have a good opportunity with CFZ. Establish a core position and then trade on strength and weakness to get your adjusted cost basis to zero as quickly as possible.
