So far EWs
have been accurate for this security those of us who used it right. Last few years it produced 12 winning trades with one losing by using EWs
. Fundamentally, many argue recent pop up was more of short squeezing rather than value created by the company. It may have some merits for that arguments but price and volume
do not support their arguments that $BBRY is not good investment, in the long term it may be difficult to know how the company's turnaround process will work, it can fail which means the price will trade below $5 it also can succeed and we expect to see trend reversal back over $20. Both QST AND QLT
are best for active traders to take advantage of patterns that we see everyday. Last HSH
pattern only achieved half of the target price, but 3-EMA valuation was almost a good QST which resulted 18.36% profit. Now, if price manages to close above 9.60 the chance to crash 3-EMA upside is very high and recommend a long entry with stop at recent swing low. Good luck and stay tuned for more to come.