I just wanted to show some key points I think will be important if this stock is to shoot up in the near future.
Each red area is a point that price has hit and bounced up significantly. I think it will bounce off one more time before it takes off.
These patterns can go either way but with everything that's going on right now with this stock, its a good possibility it will start a new bullish trend.
Each red area is a point that price has hit and bounced up significantly. I think it will bounce off one more time before it takes off.
These patterns can go either way but with everything that's going on right now with this stock, its a good possibility it will start a new bullish trend.
Comment:
It could drop down to the supports of 5.57, 5.18 or even 4.87 but that is only if price isn't held around the resistance of the pennant pattern.
