So it has been a while since I said anything about this stock but I am still in this stock and even just added some shares a week ago.
When we look at the chart we can see that the price is been going up for a little now. We see that we just hit a resistance zone and that the price was not able yet to break it at this point.
The good thing is that there is a descending wedge that we nicely did break and did a retest of the wedge without breaking the wedge before the big move up. We can also see that all the MA’s are below the price what also could indicate that the price is bullish so it looks good for us for now.
I am now waiting to see a break of the resistance zone next week.
I will update you when it is needed.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
When we look at the chart we can see that the price is been going up for a little now. We see that we just hit a resistance zone and that the price was not able yet to break it at this point.
The good thing is that there is a descending wedge that we nicely did break and did a retest of the wedge without breaking the wedge before the big move up. We can also see that all the MA’s are below the price what also could indicate that the price is bullish so it looks good for us for now.
I am now waiting to see a break of the resistance zone next week.
I will update you when it is needed.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
When we look at the chart now we can see that the price did go above the resistance level that we can see on the chart. After that we went down a little but we did not break the resistance zone. That is very good for us. After the red candle that we got that touched the resistance zone we got a pull upwards to break us from the resistance zone. We can see now that the price did drop a little on Friday but we did not got a touch of the resistance zone, That is also good.
For now:
What I am going to do now is just hold the position and maybe add a little after Monday when we get to see how it opens.
As long as we do not get a break of the resistance zone we are good for this company to finally go up and make us some money.
We do can see a quick break below the resistance zone but as long as we do not close the daily candle below the resistance zone it is good for me.