PlanCZero

PlanCZero

Low risk, high reward. The last support is 8.80, in the case of break down the title will be change to high risk, low reward. :)

PlanCZero

It hit strong a resistant over 200EMA, follow buy when breakout.

PlanCZero

It's time for the market to make a direction decision again. No one know until it happen.

PlanCZero

This is a great insight that the down trend is still moving downward.

PlanCZero

Seem like the handle is too deep but it is still handle. Is it forming ABC? hmm

PlanCZero

There can be 2 ways. First, break support and moving forward in down trend. Second, bonce back and forth in sideway channel for awhile and waiting for the news to choose the direction.

PlanCZero

The stock is forming a perfect cup and handle pattern.

PlanCZero

The next things to do is keep on eye on the big support line.

PlanCZero

The market seems more fragile than I thought and the regression is coming earlier than it should be.

PlanCZero

Back to test a strong support again and guess it will fly away from this point.

PlanCZero

This mean it might not drop so far from a current position.

PlanCZero Updated 

Just rebound, It has the sideway channel and already test previous heigh. 2 way for this. First, retest heigh and breakout. Second fall down to support line. 40/60

PlanCZero

Reversal with small up-trend after hitting a strong support and heading up to hit the first resistance.

PlanCZero

It depends on a ton of factors that will impact to small market, but now we know where does it heading to, the end of curve.

PlanCZero

It will continue forward til the end of curve and then choose the direction.