The descending triangle (bearish signal) has played itself out confirming it's break below support and and is now forming a descending wedge (bullish signal). This pattern is confirmed with 3 reaction highs and 2 reaction lows (lower highs, lower lows). The daily chart looks primed for a breakout, the hour chart looks exhausted and may need a pull back. Will be...
Initially investors believed a cup and handle formation was forming on QYOU. Amazon news was dropped at an opportune time on the handle but seemed to fall on deaf ears and began forming a descending triangle.
QYOU keeps on giving good news in terms of brand deals with big companies, but it is not reflected in the stock price. This week could be key for the stock, if we close above 0.34 it could be the breakthrough, if we stay under, the stock will probably move under 0.30.
TSXV:QYOU Hi everyone,
In this stock pick analysis we will review QYOU & ARKK price action perspectives.
As a bonus I will also show my trade on NIO because it look similar to QYOU's price action.
Let me know if you have any questions around this and feel free to ask other assets you want me to review!
Kind regards,
Noel
