in the daily time frame we can see clear divergence in the chart and can see the reduce incline , the trigger for find this is end of fall is increase volume and break out the last minor peak. if the minor peak break out we have very good buy opportunity with good R/R
This is a penny stock so beware. Put your stop in about .20!!!! do not risk more then 1R on this trade or any penny stock trade, EVER!!!! If you don't know what a R is then please do not trade penny stocks.
I'm going to hold to .80 (200 day moving average) and keep a tight stop on this baby.
ANY is in the middle of a strong downtrend but i'm looking for a potential wave up and a good chance to break this descending channel to the upside. A strong breakdown under the rectangle posted on chart invalidates this setup.