Spur Bull Box has formed and the price broke up and out of it.
7>21>200 - MA bullish
RSI>50 - Bullish
Target R23.96
CONCERNS:
This stock is definitely NOT in my trading list. The liquidity is low, the candles volatility are high.
The price jumps all over the place and doesn't show any strong signs it works with breakout patterns.
Also the price patterns can...
Bouncing off the previous resistance - monitor if it holds for possible double bottom formation.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it...