AQB has begun a long term recovery after forming a base for the past 2.5 years. The longer term trend and targets are more apparent on the weekly chart but I present the daily chart here to show an entry signal that occured today.
After a decisive breaking out of the $5.14 long term resistence on 30 Nov, it is likely that AQB has begun a sustainable recovery trend. There were opportunities in the past 2 days to stake was it pulled back from 6.44 to test the breakout level around 5.14. Today is another clear signal to long as it broke out of a bull pennant @ 5.80.
Next target is between 7.50 - 8.00 (resistence there in the weekly chart) and probably an eventual target of 10.0
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to let me have your thoughts ! :)
After a decisive breaking out of the $5.14 long term resistence on 30 Nov, it is likely that AQB has begun a sustainable recovery trend. There were opportunities in the past 2 days to stake was it pulled back from 6.44 to test the breakout level around 5.14. Today is another clear signal to long as it broke out of a bull pennant @ 5.80.
Next target is between 7.50 - 8.00 (resistence there in the weekly chart) and probably an eventual target of 10.0
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to let me have your thoughts ! :)
Comment:
Congrats to those who managed to take some profits yesterday near the highs @ 11.44. I am raising my stop loss to just under 8.50 for now.