I haven't done a chart for a while, had to wait and see how it played out before I could decipher a pattern. The daily has turned into a squeeze watch now that the support line has been confirmed for a third time . Support line held nicely today and is forming a nice hammer on the daily. Have to wait and see how it plays out, this could squeeze any time now....volume is lower and squeezing, classic signal.
Comments
lucky888gunz
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nice hammer on the daily chart- will be interesting to see if we will have trouble in the 3.88-4.00 traffic area
lucky888gunz
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Ideally we bust through on the breakout, retest 4 and continue up. But we could flounder around this area for a while as well.