One of the cleanest setups I have ever laid eyes on. Clear impulsive 5-wave move off the low with each wave tagging ideal fibonacci extensions. The pull back was also 3-waves and perfectly tagged the ideal .5 fibonacci retracement. The last confirmation we need is for price to break above the previous high of $8.11 to confirm that we are heading to double-digits....
Bullish in immediate term. Price is already in an uptrend, and has bounced back from bottoms.
general markets could get week. this could drop with it. but above 9.85 and maybe it could rally
Seems to have difficulty at the 200 day. if general markets sell off some.. then this could be a short to maybe 9 bucks. maybe a little more sideways action first though. time will tell
Looks like its having trouble around the 200 day. Other indicators look like they could be ready to reverse. Maybe it'll go back down to around 9 bucks. on the other hand.. if it breaks say $9.85 then maybe it will rally. but things all seem to be pointing down. but thats when they trick ya.