Rst: 0.16/ 0.205
Potentially the next LUSTER, doji candle formed above upper BB with the widening of BB with substantially strong volume will consistently generate upward bias for the stock.
Rst: 1.89/ 2.15
1.72 again proven as solid support. Friday bullish Marubozu candle neutralised Thursday bearish engulfing formation, this is very strong bullish signal, and with the support of rising indicators, breakout from Fibo first tier hurdle at 1.89 is imminent. More to come.
Shooting star candlestick emerged right from Fibo Extension 161.8%, usually stock tends to take a rest once extrapolate from Fibo Ext 100% - 161.8% zone. But this is not the end of bullish cycle yet, it may retrace and if can survive above 100% zone, the uptrend will continue.
Last minute fake move but today's weak candle already telling further weakness may spell since it violated MA50 trendline. Likelihood to plunge towards Fibo Ext 50% is there.
Pending bearish breakdown, there's tendency to break below this bearish breakdown neckline. And where can you expect technical rebound, based on Fibo Ext, the level can probably be found at 6.80