SHLL Long set up in play. Price is getting ready for a wave 5 run. Merger is also very close. Strong price action. If closes above the breakout candle, i think it's time to go long.
This is an opinion. Please do not buy any stocks or other financial instruments reading this posts. These posts are for educational purposes only.
According to my EWT we may expect the next higher low on 40ish.
There are a number of reasons
1) 4 hour ema
2) near the breakpoints of a previous consolidating structure
3) 1:1 for an abc correction
4) Fibonacci overlap of the .382 and 0.5 when measuring fibs from wave 1 and 2 to wave 3.
Correction is likely still in play so patients may be required . Play is...
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