i would wait for a breakout of the descending triangle before going long.very risky but could pay off big if your buying at the longterm support line in green to keep your risk as low as possible.
indicators are neutral because of the long sideways action that price is getting squeezed into.
@JMcCJr, very interesting developments on this one.it still has not made a higher high but when it does its a good swing trade if you get in on the retracement. price just broke above the weekly ema ribbon which is a great sign! my perfect entry would be around $4-$5
Piperchap
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@rigorocks, do you still think it will retrace to $4-$5 range? Let us know your opinion! I was very surprised that it hit $14.50 today. I am looking to enter at some point.
rigorocks
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@Piperchap, it would be unusual for us not to get a pull back. it could look something like this. i wouldnt go long in this area right now.its just too risky. we can still come back to $5. it just may take some time