It has a strong push after a nice divergence on the charts. IMO I think it has broken thru a key resistance point price that is going to turn into a nice support level. $6.85 has some significant Fib confluence going on that IMO makes it a strong case for a turning point for the next little leg up. One might argue that there is a bull pennant formed. But which ever way you look at it, the case for a bounce off this area is high.
Trade ist aktiv:
Still moving along. A little under my projection. Could be market sentiment falling this past week. We will see in the up coming week..
Kommentar:
This one worked out good.... I am probably gonna look for a remount after it breaks the double tap on the high... Gonna rechart..