Looking for it to build support around this 3.55-3.60 area, seems like an accumulation. The Rectangle Box.
The Red Trend line down is my monitoring of it is bearish and not accumulation for a breakout of 4.00.
The yellow trend line is to see if it stays bullish and trends back up to 4.00.
If it follows the Yellow we can see another attempt to break the...
1 Hour Bullish Trend Line New (Green)
Looking at the hour candle to close and be above 4.08. Which can confirm a break up of 4.43, and a Top target of 5.43.
The Stop Loss will be breaking the 1-hour uptrend line, Green Line.
Low Float, Testing Key area of resistance, if it breaks through it's Blue Sky's, can be heavy resistance and we see it go back down. War as the catalyst driving the price of everything up :)
Have a Happy Day.
Shares crashed 23% in Wednesday morning trading to hit an all time low after the once-booming company missed on both ends with LPS of $0.25 (nearly double the $0.13 expected) on top of bookings that were up 20% to $770m, and revenues of $568.8m – FYI, bookings represent users committing to spend money, revenue represents money actually spent.
Reversal on the 4 hour, from a huge drop in Dec due to poor results for their trials when they combined data. They said 2022 end of 1st quarter they will release an update. They stopped the offering to investors and will give an update later.
Charted this out from Study Group on February 3. I knew this ticker from hearing Stu mentioning it in trading chat. The reason it caught my eye is when we started talking about the price action and thinking of a simple trade. We noticed that $8.10 seemed like a safe area to enter the trade and we notice support around the $8.10 area because it consistently would...
Could reversing. Needs Volume. RSI oversold, curling up from lower half to middle. Needs to hold above todays close and keep closing higher to break out. Former break out runner, and then seems like the Pullback can be reversing.