As much as the Price remains above $12 it is still very bullish, the Wyckoff distribution setup ended at $12, after fake ascending triangle and now an asymmetric triangle, bulls are really daring the bares with this one. added longs at $12, $13 and now $14. A break above $16 is imminent and will be given up my $13 and $14 positions. May let it play till it gases out.
Comment:
so far the price has remained well above $12, it has rejected going below $12 four times this week, and given full confidence to add more to the long position from $12 , we might touch $12 and $11.8 again it doesn't go below or does, will be another perfect long position.
worse case we go to $10.5 before a massive rally towards lunch of June 2. Maybe the bulls are waiting for a more exciting news, while the bears are treading carefully knowing how radical it can go.