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OrangeBird
17. Mai 2016 22:52

Bounce off channel support  Long

Beschreibung

Recent news of licencing out ONSOLIS painkiller, general overselling on the daily chart (RSI of 20.3). Would like to see price move towards 2.19 as a potential entry and a target of ~$3.03 over the course of 12-14 days as seen in the previous run off support
Kommentare
OrangeBird


To add: The Transient Zone indicator has given a good indication of reversals throughout this channel; something to look out for if a move up is to come. Also, the small-bodied candlesticks are a good indication of a potential price change. The next few days should give way to some more telling information.
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