Wonder if the breakout was affected by the coronavirus ?
There could be a inverse H& S pattern here, if correct, then we can expect a breakout fairly soon. If not, we can see the price revisiting the 0.40 price again.
There could be a inverse H& S pattern here, if correct, then we can expect a breakout fairly soon. If not, we can see the price revisiting the 0.40 price again.
Note
Using a little bit of common sense, when the coronavirus hit town and government is shutting down cities, how does one go out to cycle ? So if existing cyclists are affected, then new sales in some way will drop as well since these regulars will not be visiting the store. But this is good news for those who understand the fundamentals of this company and able to scoop up at cheaper price later.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.