This stock has only been actively traded for about 3 years. And so. IMHO. the Weekly chart is not going to be very helpful, which means it's better to trade it short term.
From Daily chart perspective, price just bounced of the $28-30 congested area and there seems to be a stronger support at $20 area. Furthermore, it has broken down of a triangle.
So, a short term back up to $40 area can be expected. Will have to see the price action again if and when it reaches.
From Daily chart perspective, price just bounced of the $28-30 congested area and there seems to be a stronger support at $20 area. Furthermore, it has broken down of a triangle.
So, a short term back up to $40 area can be expected. Will have to see the price action again if and when it reaches.
Note
Price didn't turn out as forecasted, but it still seems to be making it's way towards the down trendline.Let's see how the price action is then.
Note
Didn't move up to $40 area, and it's starting to travel down.Weekly chart showing weakness as well.
Target profit 1 is $25-25.50 area.
Target profit 2 is $22.50 area
Trade closed: target reached
Target profit 2 hit!
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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.