We arribe to the final countdown and go up... If the news are good the movement will be bullish.
I show you my prediction lines:
Blue -> Hard Resistance that if overcome will become hard support. Red -> Resistance that if overcome will become support. Orange -> Bearish trend that we broke days ago and that we do not want to see any more.
Good luck to all!
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We watched how the price crash with our Blue line and try to get a resistence in our 2nd red line. Finally we loss the 2nd red line resistance and go down to our 1rst red line. Keep calm, we are in a bulish channel.
While we dosn't down to the green line until the cross betwen our 1st red line and our 1st blue line we stay in the bulish channel.
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It looks like we are at the bottom, stochastic is oversold and ready to turn around.
We will have an imminent rise, but before that it may go down a little more, I am convinced that they want to get to 6.9 although it will be difficult for them as people are not selling!
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Hello everyone, in order not to modify the graph as it will help us in the event of an upward movement, I comment on my thoughts. Currently I use a 4H graph since we have the value very compressed and it gives me more precision.
- My graph of 4H indicates a close flag until September 20. I believe that this movement will be with a any important new in approval form or declaration. Hope positive new!
- To entry in our Bullish channel (our red lines) we need to go up about $9.3 with some approval this value can be laughable. ;)
- With some approval I think that the value will reach 1st $10.5$, $13 and finally our expected $18
- In case of approval, it is very difficult to say where it will take us. Surely those who go long can get much more benefit. We will analyze it when the time comes.
- Everything indicates that the value has to go up, every time we have higher lows, and lower volume but we must be aware that a non-approval can lead us to the ditch.
- Information for Stop Loss -
For those who want to put Stop Loss (personally I am not in favor) but the next week is very dangerous.
I get the feeling that they want to make the MA20 and MA50 go to bounce to the MA200. To achieve that they may drop the stock below $7.
Just keep an eye on that, as they could create panic to only reach the MA200 touch it and pull up.
To achieve this move they may take the stock down to $6.8
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In addition, there are currently 900K short shares available, a few weeks ago we managed to reach 3 million shares available, we are still far from those 3 million.
As soon as the news gets closer, this value has to be increasing, we will keep an eye on it.
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We have rumors, can will be good news? How you can see the value crash with our Red Line, is a resistance but this week maybe we will overcome it and enter our bullish channel of Red Lines.
I hope it is not only a rumor and become a reality! I share the link:
Hope we break the second red line and then first blue soon
marcavilavall
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@Sp1212, Yes... But I think that the first step is go down to 7,64. In the poor situation going to the green line over 7$ but we will follow in a bulish channel. Keep calm and wait for the news on the next days.
@Sp1212, Me too, I think maybe tomorrow brokes 7, and go to 6,9 but we are in the bottom. People doesn't sell, now only the Shorts are playing with the value... People are waiting the news. They're not going to sell for the sake of it, or would you? Patience my friend, we are close!
marcavilavall
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@marcavilavall, One more thing, I repeat so much about breaking 7 because I think that before a strong rise they will want to take all Stops Loss at 7 or above 6.9. Be careful.
fantasyste
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@marcavilavall, they went until 7,03.... mission completed for SL raid....
what your updated thoughts?
marcavilavall
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@fantasyste, Hello, I updated the idea with my thoughs, what do you think about that? Any prediction?
fantasyste
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@marcavilavall, gracias hermano! I liked your analysis. One thought only: it s difficult to predict the short term TP, I have mine at 10ish...but really don't know when it can go up over 15 (and it would deserve it, in case of approval)