BLUE has been in down trend just recently formed a potential rounding bottom reversal. If price can break through $7.50 then $8 it can head to $11.75 area. $7.50 is an important resistance area and breaking through that would require quite a push from the bulls. Target 1 - $7.50 Target 2 - $8.00 Target 3 - $11.00 Risk - fail to get above $7.50. Retreat to $5 area. ---- Disclaimer: Not investment advice.
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We climbed since then a bit, what do you think now?
PaperBozz
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@ilan147963, $8.23 middle yellow line is resistance. The stock stalled when it hit that line. If failed to break above, it can come back down below $6. If it can break through, it can go to $11.75. I don't know the future. So trade at your own risk.