This is another COVID play. The technicals seem to be lining up with the fundamentals, which is always a good sign that price is likely to appreciate.
I am waiting on a break of the descending blue resistance, if that happens. That is the proper trigger if you are looking to trade this stock. Targets are shown if that breakout happens. The 50 MA has been tested here as support a few times, I would not be surprised to see price dip below. I’m watching the blue line.
I am waiting on a break of the descending blue resistance, if that happens. That is the proper trigger if you are looking to trade this stock. Targets are shown if that breakout happens. The 50 MA has been tested here as support a few times, I would not be surprised to see price dip below. I’m watching the blue line.
scott.melker@texaswestcapital.com