George Soros bought this in March. Trendline resistance has broken- rocketed and now retracing back to the previous resistance as a new support. Been testing the new support. and Fibo level is 0.618 - a great level. Worth to invest in it.
quite good fundamentally. the price action is now testing the fibo level. the 3 main significant levels have been shown on the chart. i will only LONG when it tested the level, and confirmed by the bullish Heikin Ashi and PSAR.
is it a reversal of trend. If one looks at the monthly chart, bullish sentiment is intact and so is weekly chart. mind the level of supports and resistances (trenline, fibo level) as indicated on the chart. Heikin Ashi on monthly chart is nice too. Worth investing as the fundamental aspect of this stock is quite impressive. worth every penny i suppose.
as u can see.. the price pulled back to the very significant level 0.618 FIBO and bounced back. Now testing the resistance. It might succeed to break the resistance.. or will pull back to the trendline support before hiking up again.
Overall.. from a bigger frame u can also spot inverted H&S forming.
as you can see, green candles (Heikin Ashi) resurfaced. U may enter a long trade now or wait until the trend line resistance broken. Great for long term investment. As its tagline says "Now Everyone Can Fly".