First of all, I want to clarify, that I am not owner of any stock and I don´t plan invest in any stock right now.
However I would like to point out very nice price action, suggesting me, that this stock could sky rocket, from whatever unknown reason.
First of all, we are at the strongest support area, where is no volume and price usually bounce of those areas with no volume.
Second and probably the strongest reason, why I think, that this stock has big potential is volume - because volume is increasing tremendously.
We already broke small trendline on 1H time frame, however there is strong downtrend trendline on daily timeframe.
However I would like to point out very nice price action, suggesting me, that this stock could sky rocket, from whatever unknown reason.
First of all, we are at the strongest support area, where is no volume and price usually bounce of those areas with no volume.
Second and probably the strongest reason, why I think, that this stock has big potential is volume - because volume is increasing tremendously.
We already broke small trendline on 1H time frame, however there is strong downtrend trendline on daily timeframe.
Trade closed: stop reached:
Stop loss reached, I wiil better get out of this stock.