If price breaks into .70620 range, I am looking for a long position @625 w/ stop @ 440... Target price is 890...
It has a strong push after a nice divergence on the charts. IMO I think it has broken thru a key resistance point price that is going to turn into a nice support level. $6.85 has some significant Fib confluence going on that IMO makes it a strong case for a turning point for the next little leg up. One might argue that there is a bull pennant formed. But which...
You can see from my projection I am expecting price to move over the $2 mark. Look for the MACD to turn. There is Divergence on the MACD and RSI. it looks like it had finished a Inverted Head and Shoulders Pattern around Feb. follow the Volume. Looks like this could be the end cycle that would finish the shoulder on another.
Looking for a break of the trendline and a retest of $2.15