Cup and handle pattern still on the going, but I change the objective price up to $4.9X to $5.06
MACD confirms the bearish movement, so we can expect the price goes lower, also StochRSI shows that we're on the bottom of the oscillation, so we can wait a few more days for the rising movement and the probabilty of a bullish trend if C&H pattern is confirmed.
it's ike buying a pair of jeans .. and not using it
probably the next big thing when oil hits $100 or ARAMCO debuts soon
it's all a cycle for the benefit of the few greedy players
notice the VOLUME underneath relative to previous years..
those whales splashing discretely while price at sub $2 is at rest
thieves like to accumulate when no one is minding...
Gapped above resistance, needs to stay above and break out of this area today or tomorrow. Staying bullish, next resistance is at $6.70-7.10
We would like it to break above the current triangle it is trading in. Lots of price protection here. There's no reason here for it to play around in this market range. It will either go above 6.45 or below 6.00 here in two...