redlands1905

redlands1905

I have allocated the main supports and resistances within the chart. Based on the technicals, a 5 Elliott wave pattern has been established in an uptrend, which is generally followed by a corrective (ABC ) wave pattern to the downside. if the correction were to play out, $2.30, $2.20, and $2 price levels would be tested as a result ( however, not all levels might...

redlands1905

Based on the historical data that the chart presents, the bottom of the trend is estimated to be at $1.92; however, there is both technical and psychological support at $ 2. This indicates there could be a slight dip under $2 temporarily in the upcoming days ( however, this seems unlikely ). Following these projections, a short-term accumulation phase will be to a...

redlands1905 Updated 

I have marked the major support(red) and resistance (blue) zones on the chart. I have also allocated an emerging trend with two repeating cycles following an ABCDE pattern. However, for a third possible cycle (D to E), I'm waiting on confirmation for the price movement to break the chart's first primary resistance. Until then, my consensus is neutral. Tell me what...

redlands1905

I have allocated all major trend lines on this stock using ( support, resistance, upwards and downwards, vertical ); when all of these lines intersect, it breaks out into new support and resistance zones. I have tested this on the history of the stock and it seems to be working most of the time. I guess this is what most traders use atm. I have highlighted all...