Wasn't able to close above the 50 day EMA on yesterday's spike but the bulls managed to do it today. Seen this pattern ahead of big moves many times. Possible test of the 200 day EMA in the next few days. Targeting $4.64 tomorrow with resistance on the way around $4.28. Tight stop could be set below the 50 EMA around $3.66 or $3.10 for the looser stop.
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A close back above the 50 day EMA could mean the bulls are finally back in contorl. Looking for a pre-earnings spike to $0.60 with resistance on the way @ $0.50. Stops could be placed below support @ $0.41, $0.39 or $0.37 depending on your risk tolerance. Watch List @ TraderPix.com
Big move through the 50 day EMA today. If it stays above the 50 EMA tomorrow target will be $1.59. Support at the 50 EMA around $1.12, $1.00 or $0.83. Place stops according to risk:reward strategy.
Watch List @ TraderPix.com
