*investment opportunity - low risk*
On the above 10-day chart price action has dropped an astonishing 99% since 2008. A oversold condition printed in early 2016 followed by a 30:1 share split in November of that year. There now exists a number of reasons to be bullish, these include:
1) Trend reversal. The structure that printed lower high is no more. A higher low was printed last April. The trend is up.
2) Support and resistance trend line (in orange). The support and resistance has been active since 2008 and was broken in August of last year where it confirmed support.
3) The 200-day (yellow) crosses the 500-day EMA (green). In addition to the break of resistance (2), price action holds the 500-day EMA as support. This has never happened before in all 13 years of price action history - amazing.
4) RSI is printing higher lows since (1) the trend reversed and now is above 50. Very bullish.
5) Volume. I don’t know why, nothing for 12 years and then all of a sudden massive volume is pouring in over the last 12 months. Someone knows something I don’t. As the old saying goes, follow the money.
6) Lastly, the 3-month chart (below). A new candle will be printed on July 1st. It is entirely possible price action reverses to the downside. However have a closed look at the 3-month candle currently printing - if it completes the end of the month such as it is then expect significant upside pressure. A 3-month Dragonfly DOJI will have a impact you don't want to ignore.
1st target is $84
Good luck!
WW
3-month chart
On the above 10-day chart price action has dropped an astonishing 99% since 2008. A oversold condition printed in early 2016 followed by a 30:1 share split in November of that year. There now exists a number of reasons to be bullish, these include:
1) Trend reversal. The structure that printed lower high is no more. A higher low was printed last April. The trend is up.
2) Support and resistance trend line (in orange). The support and resistance has been active since 2008 and was broken in August of last year where it confirmed support.
3) The 200-day (yellow) crosses the 500-day EMA (green). In addition to the break of resistance (2), price action holds the 500-day EMA as support. This has never happened before in all 13 years of price action history - amazing.
4) RSI is printing higher lows since (1) the trend reversed and now is above 50. Very bullish.
5) Volume. I don’t know why, nothing for 12 years and then all of a sudden massive volume is pouring in over the last 12 months. Someone knows something I don’t. As the old saying goes, follow the money.
6) Lastly, the 3-month chart (below). A new candle will be printed on July 1st. It is entirely possible price action reverses to the downside. However have a closed look at the 3-month candle currently printing - if it completes the end of the month such as it is then expect significant upside pressure. A 3-month Dragonfly DOJI will have a impact you don't want to ignore.
1st target is $84
Good luck!
WW
3-month chart
Trade active
Trade active
Trade active:
Sure someone somewhere is noticing the significant rotation into value stocks. You could almost pick a oversold value stock at random and come away smiling.
On the monthly chart below higher lows continue to print. Look for that break of resistance at $36, price action is likely to run away after this resistance.
On the monthly chart below higher lows continue to print. Look for that break of resistance at $36, price action is likely to run away after this resistance.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR