Storm has been capped by this resistance every time it has tried to break through over the past 9-10 months. A break though here could be just what it needs to bring new money to the table. The consolidation has been lengthy so if it takes off, you'll know about it.
I'd like to see a daily close above the upper line before getting carried away as historically there has been a solid rejection from this level. (We have seen a couple of days closing above the lower previous resistance levels and the 200 SMA is finally a consideration as it drags the price up towards it. Definitely worth keeping an eye on.
Currently attempting to break 200 SMA. Looking positive.
Bingaz
⋅
Grats to those taking up this position.
Expect some resistance as we approach the 200 Daily.
Will be interesting to see if it can break the 200 daily this week or will be rejected.
(Safety first- Consider your own exposure- Remember- This play has been very profitable already)
Personally still long on this but may suffer a small retrace.
My thoughts though, not financial advice.
Bingaz
⋅
Update: Currently retesting original break.
Hopefully find support on this previous resistance line.
Would indicate positive sentiment.
Bingaz
⋅
Update: Cautious of a potential dip if we don't get more volume on this move North.
- Potential entry opportunity if rejected.