This company just launched it's IPO. Already you have technicals forming. In addition, the earnings are strong and with volume at the support line and small candles, I can tell that someone on the inside is convinced it will continue upward.
Also, doing extensive research into the kind of operations this company has made in the past. They would not have gone ...
As drawn on my chart, I believe we are on the last leg of an elliot wave. My decision is also based off of the support that seems to have formed at 1.28516
I'm going long on this one, and have already eaten up some pips on the way in ;)
Firstly, I identified a bearish bat a bit ago. In addition tot hat you have on the weekly chart a strong resistence that I think will keep the price moving down.
WHICH leads to....... SHORTTTTT
