Updated chart to include strong support which serves as a base of a descending triangle
Falling wedge and bull pennant on the daily candles chart. Volume picking up. Price target for swing at least .92 cents. Multi month price target $4+ if a bullish inverse head and shoulders.
I’d wait for confirmation off support, but possible bullish symmetrical triangle with price target shown
Either way, great entry price for long hold
If reverts back down, might form a handle for cup and handle play, enter one handle reverses. If it breaks the dotted resistance levels shown here, consider entry for possible ascending scallop rally. Price target $18
May get a rally up to the gap box soon. I think there scenarios from there is: 1- rejected near the gap box entrance 2- dribble within the gap box 3- quickly fill the gap box and move up towards the major resistance plotted with the dotted line
Watch for a retest of resistance or a fall back into the regression channel.
Big move coming soon, I’m leaning on one more drop to support before a move to break out from resistance
Appears to be in an upward channel to $2.60 until it tests a major resistance