I've been watching this chart since January, and have been tracking the upper and lower trend lines during that time. If you set your chart to 1 day interval, and look at the 4 month, a clearly defined bullish falling wedge can be seen with a rapidly tightening range. I theorize we'll see an imminent breakout. I hold a position in this stock, and have been adding...
This is a very similar setup to my earlier EXRO call where an anonymous author calling him/herself “Mariner Research Group” put together a shoddy “short thesis” that was quite frankly garbage. It would not surprise me if this “Night Research Group” is the exact same person. Same quality of work, same hastily put together WordPress website with no contact info...
Just an idea out there. Been watching this for a while. My avg at $0.44, 1.68, 1.85. Liking this for a good 2 to 18 month play. Tell me what you think?
Bullish Flag Pros: Descending volume during formation Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 8 200MA ascending 250RSI above 50 If confirmed: PT = 2.175$
Bullish Flag, Confirmed Pros: Descending volume during formation Volume increase at breakout Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 9 200MA ascending Cons: 250RSI below 50 If confirmed: PT = 1.070$
the indicators definitely show what looks like an excellent play in the work. this will be interesting to watch play out.