I expect a retest of $4.00, with a potential test of 3.83 support zone. This appears to be a critical zone.
Stochastic RSI need to reset, which would correlate with the retest areas.
Buy target = $3.83 - $4.00
PT = $7.XX
Great continuation of uptrend, slow stochastic yesterday signaled a needed reset. Retested new fib line support with a strong bounce, need to retest next fib line resistance to continue uptrend.
Earnings coming out this month, partnership announced today, looks to be a strategic partnership to capitalize on each company's competitive advantages in the space....
We're at a very important zone of support. Market correction has allowed us to retest critical support zones, which will determine a lot before this merger with META happens.
Strong support at .0941 at the fib line, next resistance at .1172, next fib line, following the uptrend pattern. Volume will need to pick up to push us to next levels.
Lots of catalysts to make this happen.
You can never go wrong with using Fibonacci falling in line with human psychology and the universe itself.
Major support zones hit on the fib lines, with obvious resistance levels that are ready to break. Initial flag pattern had broken down, potential flag pattern support highlighted with lower purple line. Pinch is inevitable.
Q4 earning should be released...
Textbook cup & handle pattern formed, completion of the handle is upon us. With the current legislative environment for legal cannabis, Surna securing record breaking contracts, and earnings to be released, fundamental and technical indicators a lining up very well.
Huge breakout potential here.
