Nice trend channel now! Target $420 in end of week! And can we reach $445 next week?
Just broke up from a descending triangle. Met resistance at second previous high at 49,4 If we in the next few days manage to establish above 49,4, the 51,5 resistance should be easy to take out.
We just broke significant resistance trend line (orange). Met first resistance at emission price at 37,50,- The breakout has moved us closer to DNBs target at 68,-
Target 61,- (23% gain) in little over one month
We have had a rough weekend, and it might get rougher before it gets better. If this is not where we turn we should get support at $290 where the corona trend line is at, and the weekly ema ribbon, and the pre corona top. If we are to repeat the september 2017 development then we could hit the target of $830 by the end of the year.
Are we able to hold the $385 trend channel support, or are we taking a little detour down to $366 before heading for the moon.
We have been trading at the $366 - $400 resistance zone for a week now. Yesterday we broke out of the bullish trend channel. If we manage to break out to the upside of the triangle we regain the bullish momentum and are heading for next resistance zone at $480 - $510