STMX Tiny bull pennant or wait for retest of falling wedge
STMX has a tiny bull pennant. 70% chance of breaking up.
If it breaks down, the green rectangle is a good spot to place a buy order and buy retest of huge falling wedge.
RSI on the daily time frame still has room to run up so I think the bull pennant will break bullish.
If it does break bullish out of the bull pennant, expect a fast rise in price because price likes to act very volatile typically when breaking above or below the 200 simple moving average which is the yellow line on this 4hour chart.
If it breaks down, the green rectangle is a good spot to place a buy order and buy retest of huge falling wedge.
RSI on the daily time frame still has room to run up so I think the bull pennant will break bullish.
If it does break bullish out of the bull pennant, expect a fast rise in price because price likes to act very volatile typically when breaking above or below the 200 simple moving average which is the yellow line on this 4hour chart.