This is a bearish flag!!! The pole has a downtrend so when there is a break, the pricee will moove downtrend by maximum the difference of the highest to the lowest point on the pole!!
RSI not updating here with price...clearly a break from the blue line and good long entry if not for more break down in technical stocks. Hmmm long entry second half, or second third?
againsttheodds
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@Pokethebear, the stock appears to be heading for the $5 mark, perhaps an opportunity for rebound. Wouldn't be good if it went under that mark.
Pokethebear
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@againsttheodds, Agree as market in a bit of dicotomy breakdown. VIX hits 16, closes near 15 and trending up. Watching on the ide...hehehe.
durrabee
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In the coming months 5 G orders will come in along with a better credit rating as well. That should be the key to value the stock up at a far better price than its oppenents. Suri is then setting the tone on 5 g market for sure.
duke2duke
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any prediction how far this will go before retracing?
againsttheodds
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@duke2duke,
I don't know....but I guess within the next couple of weeks, if the trend continues, the first test is the 6.5 area. If it shoots over that, then I'd buy some more and be cautious as it approaches 7. If you have another scenario, please let me know.