1. We bounce off the .382 Fib level and return to test the 2.80 mark which we saw on 11/ 05 /20
-Being the end of the trading week I suspect the latter.
2. We break the .382 Fib level and Uptrend and head for the 'Golden Pocket'
-Bounce off strong support at 2.00 mark
-MACD is starting to squeeze but if we find momentum next week we could start to spread again.
-PAR loves the .5 level. (Short term fact)
-We hit the deeper uptrend and continue back up towards the 2.80 mark to test a strong EQ . Very Possible
-It regains buyer momentum in the 'Golden Pocket' between the .5-.618 Fib Level. Very Possible
-Positive news released early next week bring strong buying sentiment back into the market and create an Higher Low ready for the next leg up.
3. We BREAK both uptrend creating NEW Market Structure and head for the next Major Support @ 1.48
Another company im keeping a close eye on. PARADIGM BIOPHARMACEUTICALS LTD is a late stage drug development company with their aim to treat musculoskeletal disorders in humans with degenerative disease driven by injury, viral infection, aging or genetic predisposition.
They have a cash of $108 Million (06/04/20), FDA Approval, IP Protection & Patents, Agreements that stand for 20 years regarding manufacturing, Fully funded until 2022. EYES ON!!!
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!