BSQR

9. Mai 2021

I like this chart on BSQUARE Corporation (NASDAQ:BSQR) a lot. Probably one of my favorites right now. It has been forming a potential large falling wedge pattern on the daily chart over the last few weeks, popped on good volume and retreated on lower volume. It looks like it may be starting to gain some momentum and should make a strong move very soon. The falling wedge pattern is a bullish pattern that signals continuation or a reversal depending on the prevailing trend. Basically, it can be defined by a set of lower lows and lower highs that slope downwards and contract into a narrower range before price breaks above the resistance line and a change in trend direction occurs. The technical chart above is clearly displaying a screaming buy divergence on the upside (MACD, RSI, ADX). Let's keep an eye on her as I think momentum will pick up.