Light Ichi cloud:
Just above the cloud an got out, Tailing line above values.
UP = long
1.60 already tested in late april.
retest = 20% profit
breakout to next 2X ichi cloud = 65% profit
Counter trends on no news seem to be good plays. 50 SMA on daily in a downtrend, ATR moving up a little, off of news spike it put in a low then bounced then another low a couple days later lower than the first with a confirmation candle today showing the base held. Low float it could run hard but even if it does not tommorw but puts in a higher low the play is...
First close over the 50 day EMA since July. Some resistance @ $3.40 and $3.61 then it's smooth sailing to $4.50. Targeting $4.50 first, $5.00 second and then the 200 day EMA around $5.75. Some weak support @ $2.89 and more solid support @ $2.55. Watch List @ TraderPix.com