This is a all time high stock price!!!! Lots of traders stay away from all time highs, but this one looks good to me..
If this can pull back too about $37 I would be more bullish then bearish on this stock. This had a nice 3 month distribution channel and breakout. I think this stock could hit $40 on a nice run from here.
We are at a very nice strong support level. Buy low sell high! I love this area and I love the double bottom it just made also. This is a long term swing trade.. Use shares or go out a few months and play options.
Looks to be breaking ascending triangle. I see a double top at $9.00, and on the weekly no resistance to $14. It was a weaker candle on Friday, so lets make sure it's not forming a evening star. If we get a bullish candle Friday little gap up or take out the high of Fridays candle then time to put in a swing trade,.
This is a penny stock so beware. Put your stop in about .20!!!! do not risk more then 1R on this trade or any penny stock trade, EVER!!!! If you don't know what a R is then please do not trade penny stocks.
I'm going to hold to .80 (200 day moving average) and keep a tight stop on this baby.
V broke down on a wild day, but has made it back to a strong support/resistance. I think with the 100 day moving average acting as support it will bounce around for a couple of days and then break out over $81 and to back to $84