After each impulsive move during the upward movement, we can see that this stock spent some time in consolidation. What we can observe is that the price likes to create a "bullish triangle" or "descending flag" before the next impulsive movement. As you can see also on the chart the price reacts very well to the support zones. The first and strong support zone
may be found near $3.50 - $3.73. This is the zone where I will pay close attention for going long again.
Entry zone: $3.50 - $3.73
Targets considerint $3.5 entry zone:
$4.69 or +33.90%
$5.30 or +51.43%
$6.78 or +93.71%
Thank you and Good Luck!
This is my personal trade and not a trading signal
We are here now:
The previous analysis on the last flag was fire + 67%: