I want to be Bull this name. This analysis does not speak for a particular setup, though I suppose there is a continuation trade buried in there somewhere. It speaks more to what I would need to see to convince me that we are going to trend much higher out of this little range we seem to be bouncing around in between $3.50-$2.85. Because after that there is little resistance above that and the sky could be the limit with some effort.
precedes price, and there just isn't convincing evidence that the Bulls have taken over. Noted on the chart is an example of what I would like to see. Also, briefly broke out but fell below support and is now trying to claw its way up through resistance. Put in a along support above the 50 line and I just may catch a ride on the way up.
I'm going to keep an eye out for some of these things to come to fruition before I go spending my heard money in the market.
My 2 cents. Would like to hear your assessment if you care to share.
Best of luck buddy with your trade... I know it'll be successful as I won't be onboard with it. LOL