3 touch points on an ARC, 3rd touch point happening now on a backtest of the 30 week moving average. Low risk entry point with stops below 30week MA or break of the arc. $15 by 2023? Time will tell
Comment:
A trader might want to take some of the table here. Long wick on a new 52 week high, looking at 40% gain over 2 months. It will be interesting to monitor the weekly close. It could need a breather/reset before making a new 52 week high above $8.79
Comment:
First arc test which also coincides with 30 week moving average test. Key spot
Comment:
Currently below 30 week MA; a weekly close below here would be a SELL. However, let's see how the rest of the week plays out
Comment:
Miraculous friday afternoon action to close above the 30 week MA. It touched to the penny the 200MA during the day and rallied hard on good volume. Low risk entry between $6.63 and here with a hard stop on a daily or weekly close below 200 day or 30 week. Hanging tough so far.
Trade closed manually:
If you were not out before, get out and fight another day. Broke thru arc and all support levels on huge volume.