Classic chart formation. The cup and handle.
“ A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator...
Suggests major price action. Super low float stock about to own then electric forklift and industrial machine market with there integrated lithium power based drive trains. $50B Market, massive demand in China!!!
5day MA crossing over the 8day MA, both are arching upward. Look to other instances of this occurrence and generally is followed by a spike in price action. I expect this should break out above $13 by next week.
The sell off this week was due to the entire market sell off after it was revealed in a secret memo that MM’s were notified before the market collapse...
Bullish pennant formed just prior to FDA putting a partial hold on Inovio's Covid-19 vaccine P2/P3 trials.
Inovio is expected to resolve the FDA's questions within the next 30 days and begin trials with "EXTENSIVE external funding" according to CEO - Dr. Joseph Kim