Today we saw a premarket bull run, followed by a sell off at .0065 and continued selling where the price eventually stabilized a little above .004 still up from the prior week.
The pattern here is a reversal pattern of a falling wedge. With the looming potential for a positive lawsuit outcome on the 26th expect to see more buy volume and higher runs.
If next weeks volume matches this weeks then we should see resistance break through .006-.0065 with good support at .004
Next week market opens on Tuesday. I'm excited to see the price action on this stock.
The pattern here is a reversal pattern of a falling wedge. With the looming potential for a positive lawsuit outcome on the 26th expect to see more buy volume and higher runs.
If next weeks volume matches this weeks then we should see resistance break through .006-.0065 with good support at .004
Next week market opens on Tuesday. I'm excited to see the price action on this stock.
Comment:
CORRECTION: Strong support at .004