mrniemeier

mrniemeier Updated 

Merely an update to my previous idea. And well... I started this idea before the bell, and it was $3.51 at the time. It's now $2.01 post as of typing this but that will be different already. I think I will just post this as is, because it's moving too quickly to make any rational conclusions. To be noted, every time $15 was broken, the market dumped it below...

mrniemeier

It's a personal opinion of mine that psychological levels, whole number resistance and support, should have this much control over price action. Psychological levels have the most effect when there's extremes of emotions. I feel it's rather self-explanatory. It's either going towards zero or it's getting bought to prevent it from hitting the pavement. The...

mrniemeier

The current short term outlook for DOMO doesn't appear to be great. Taking a step back to look at the longer trend makes this chart a lot more bullish . Two lines of curved resistance have been added to reinforce this idea. Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that. Pivots have been added just...

mrniemeier

The current short term outlook for DOMO doesn't appear to be great. Taking a step back to look at the longer trend makes this chart a lot more bullish. Two lines of curved resistance have been added to reinforce this idea. Could plausibly roll into something like a Cup & Handle, but not enough information/confirmation to chart that. Pivots have been added just...

mrniemeier

I don't love the idea of making grandiose predictions; I prefer to see everything in ranges of probability. That being said, the few simple tools I have added to this chart seem to have rather negative implications. There may be other price levels that are noteworthy, but I see the psychological levels of $10 and $3 having importance here. $6.50 as a previous...