The price has been moving in a bullish uptrend for quite some time, forming a support line. As the price has touched the area of support and resistance it has made a horizontal move and is now in consolidation. We believe that the stock has the potential to hit 30$ soon. After the horizontal move that the price is in right now, we are expecting another bullish impulsive move, as this has acted as a correction.
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Feel free to grab a copy of our Free Weekly Market Outlook here:
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For more content follow us on Instagram and Facebook:
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We wish you good luck with your trading!