SOS is a small cap financial services company in China that has gotten absolutely murdered over the last few years. Recently, it has been getting into blockchain services and showing several obvious signs of strength. It recently broke upward out of a long term exponential downtrend, and volume in the last month has been out of this world. Price targets are listed on the chart. Total time horizon is ~3 years, but it's possible that some of these targets could play out in the first few months. Let's see what happens.
Comment:
Looks like it's retesting prior resistance and possibly converting into support. Big question is whether it breaks down and returns to the uptrend support near $2 or whether it holds here. Might be a good time to long here at $4 and TP1 between $9 and $10, TP2 between $15 and $20, same as before. Save some capital on the side in case of a breakdown.
Trade active:
Sweet pullback to the exponential uptrend line.