Area of Demand
Long term bullish
Announced cryptocurrency mining operations on October 25th, company continues good communication with shareholders
Fundamental fro Yahoo FInance:
AppSwarm is a technology company specializing in accelerated development and publishing of mobile apps and other software platforms for gaming and business...
Extremely bullish bull flag, almost over extended, it may need to breathe more,
I would be a buyer if I could get it in the $36.50 area, right now may be too extended but maybe excellent for a momentum day trade on Monday.
See the last 2 candles of the pattern, bullish engulfing, red to green - another bullish indicator
This stock has broken the 10 and 12 EMA so it is no longer bullish. Major support at the 50 MA which has bearish implications.
Volume is bullish yesterday but does not take out the bearish volume level on Jan 25th.
I would not get involved with this stock until it reclaims $23.00 or see several closes above the 12 EMA to get involved.
Right now, stand aside....
Pennant pattern, high flag pole, super bullish
I think it may touch 93 cents again before going back up again, but we have 3 touches of the pennant floor so far which is adequate
Time stop = 4 days (bullish movement by then or out)
Re-test of breakout, bullish hammer, time to get involved
We have support at the 50% fib retracement.
Also low volume which indicates bulls are holding, possible squeeze on bears who bought on lower wick if price increases.
Super bullish on this one.
Good fundamental story/