As we can see, the channel is broken, and the heavy resistance as well (look up the weekly chart for a bigger timeframe!). I believe we have a good chance for this stock to go up and even with an SL around 1.85 and TP at round 2.86 there is a risk/reward close to 1:2
So at best, wait for the pullback, to make sure its not a false breakout.
I already went in on a papertrade, since this is a very cheap one and I am missing some exp with this small stocks.
Let me know what you are thinking, thank you for any comments!
Comments
Evan_Moe_Money
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here comes the pullback, be ready by Thursday or Friday to jump on it!