Clearly traded in the falling wedge for a while as this stock lost value..
It broke down, and fell into a falling channel, where it really lost value.
it traded sideways, and rolled over the channels resistance, back tested it and WAM
over the macro resistance line... and were closing daily candles over it.
A retest of the old resistance, turning it into hopefully new support, could send this beaten down stock, into a new bullish trend.
I was just scanning stocks and this one jumped at me, i know nothing about this fundamentally
It has completed Elliots 5 waves down. So i mean naturally you would expect at least some sort of retrace upwards.
Anyone with information on this stock would be cool.
Good luck,
It broke down, and fell into a falling channel, where it really lost value.
it traded sideways, and rolled over the channels resistance, back tested it and WAM
over the macro resistance line... and were closing daily candles over it.
A retest of the old resistance, turning it into hopefully new support, could send this beaten down stock, into a new bullish trend.
I was just scanning stocks and this one jumped at me, i know nothing about this fundamentally
It has completed Elliots 5 waves down. So i mean naturally you would expect at least some sort of retrace upwards.
Anyone with information on this stock would be cool.
Good luck,