Minimum target 1.147
Then after passing through resistance and consolidating for a long time we could see 1.16 -1.17 in 2020.
Markets are way overbought, I cannot rule out a blow off top but looking for that triple top to start a correction.
Vix oversold, 5 gaps to fill for UVXY as well as 5 gaps to fill lower for SPY
Could be interesting.
Earnings are thursday, it looks ripe to grind
Falling wedge and oversold condition leads to a small bounce
It has some more to go down probably but should bounce hard anytime.
If it holds it could be followed by a great steep ascent. It has broken the cup formation.
Gap fill would also mean a breakout from the downtrend so lots of upward potential there.
Crap company to handle with extreme caution and low amount of money , technical setting is interesting with a gap at 4.00 and symmetric.
Company rose after gaining a small US army contract then left a gap on the way down
Weekly Resistance at 2.00
Stochastic turning up this looks like the start of a new bull trend
On the watch for now
Stochastic also acting very bullishly by stubbornly staying in the top range. I did not rule out a possible brief move to 0.30
for gap fill.
*risky play penny stock not for beginners
Gap to fill before going higher
Cup shows support and resistance for future moves allowing lots and lots of scalps
It has shown signs of volume and parabolic rise plus a new higher low so I expect more to come and possibly a breakout from long lasting downward channel.
Cautious *risky penny stock for advanced traders only
Looks like the rocket will reach 9500$ +