testing previous resistance into support on weekly chart with two hammers. On daily price is trading around 200SMA, finding support.
I believe this is great swing trade opportunity with good risk to reward ratio. NASDAQ:DISCK
EXPC is hitting support area with hammer on daily chart and bullish engulfing pattern on 4h chart. Volume is decreasing meaning that the sellers are loosing power so potential reversal might happen.
Looks scary to me. I guess it have started cracking. If current price will not hold or break above we are headed down for sure. Support is testing into new resistance. Doesn't look good. Looking for shorts.