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4/26 - bought @ $1.29, following my wedge formation
expect a climb to $1.46 (green horizontal line) for 13% gain
and HIGH of $1.55 (dark green horizontal line) for 20% gain
4/4 - began watching this movement
4/12 - Expected movement down to retest $1.15, but it did not go. Instead, it supported trending support!
4/16 - Major retest created with wick bull 4/12 and lower wick retest bull 4/16
4/17 - first day of wedge formation, trending resistance
My expectation/goal - 4/26 - bought @ $1.29, following my wedge formation
expect a ...
The stock is showing a growing pattern and has reached near resistance. The stock slowed down because of resistance but should shoot back up. This situation is also simalar to NASDAQ: CTIC so make sure you check it out and as always, tell me what you think in the comments
20 day MA looking to cross the 50. WIlliams %R showing oversold. Last time it had a move up when it signaled oversold. Needs to confirms that we have a upward sloping support on RSI. Overall looks bullish to me
LONG WHEN THE STOCK CLOSE THAT GAP UP, IS GOING TO REVERSE NICELY
NASDAQ:AEMD is seeing support near the low 3.30's and could be bouncing now. The 3 and 4 hour charts show downward momentum is exhausting and the 1 and 2 hour charts show upward momentum. Recent past shows resistance near the 70d MA so I will be taking profits when it starts closing in on the 70d MA (estimating 3.90 range) and I have a stop loss set at 3.25. Which ...