Stock consolidating in a nicely defined wedge (log chart) that comes on the heels of a C&H breakout. Bullish bias above $2 which was prior resistance level. I am watching for the 20 SMA (blue) to cross the 50 SMA (purple), and for the MACD to remain positive and begin accelerating. OBV continues to hit ATHs as price consolidates, another bullish sign.
Funny, when I chart it, it looks like a breakout-restest.
Been in for a bit already.
ETrades1
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@altinAdam, My chart was on a log scale, but looking at the arithmetic scale, Iooks like you have it right. Support is being found right at that $2.55 level on the top of that breakout trendline, I am watching it on the 1HR chart and now is probably the best entry I can get. Thanks for sharing btw
Been in for a bit already.