blazin_bacon7

blazin_bacon7

Developing what could be either an ascending triangle or a bear flag on the daily timeframe. I expect that this could take up to 3-4 weeks to play out if the structure doesn't break sooner.

blazin_bacon7

Been feeling a bit frustrated that ZIL didn't continue it's move past ATH yet. Went to the one day and drew this arc, feels like we are getting ever closer to being in that "parabolic" run. Patience, good vibes, and get outside and enjoy some spring sunshine. Don't stress, we have a lot of time for big moves to be made.

blazin_bacon7

This is kind of out there, but what if we are nearing the next phase of a MASSIVE cup and handle formation? Here's my thought: We hit ATH high in the next few days (hopefully) since we broke out last night. We bounce back down to the $.19 level which has currently rejected us pretty hard twice now, so could be good support. Climb back up to the ATH, break...

blazin_bacon7 Updated 

If we breakout, it would only take about a 35-40% move to get to ATH where I suspect we would get rejected for some more consolidation.

blazin_bacon7 Updated 

Watching for a potential breakout in the next few hours and could go back to retest some resistance around 14 cents.

blazin_bacon7 Updated 

If it breaks up, should retest $.16 area. If it breaks down, could bounce of the $.12 area or continue down to as low as $.10 and that should hold as strong support and be a good buy zone.