Looking for a long b/s the most immediate low @ 2.04 on hourly and 2.13. However, only a Close above 2.18 on hourly is likely to confirm a short term retrace to 2.50; prior support zone on daily.
Here's a look at the short term hourly chart with the bullish divergence signals.
BTE dropping off of highs. Predict drop to S3 uptrend around 3.55. If fail this is a no go. Would look for rise between R2 and R3 at 5.00. Need RSI to deplete more. Possible Bull Cypher pattern.
Intention to break the resistance
The same argument as in the last publication, but what is the issue here. When I publish an idea it is usually based on a confirmed resistance breakout from the weekly chart perspective it has to be a fact but in this idea that has not happened yet because I'm speculating.
But on the other hand I'm not getting too far ahead in...
in the daily time frame chart we can see the big fall Ended and the new up trend starting and after complete wave 1 in the wave 2 we have abc correction pattern and we can waiting for wave 3 , position can open after break out the minor peak
The MACD is on the verge of crossing over and the RSI has hit an uptrend since going below 30. In my opinion, this has the potential of gaining some momentum.
we could see a bounce here to test prev resistence at 42.5$
i like that the stock found support at 39$ and jumped on high vol with oversold stoch rsi
note the long term trendline has been broken so the stock can be ready to a big move higher if break the 43$
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
BTE
