Long
Consolidation Phase is Complete $GRAY #GRAYBUG #BREAKOUT
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"Bulls want to see consolidation on low volume and for Graybug Vision’s stock to hold above support at $5.04.
After a period of consolidation, the stock could make another run up toward the $7 mark and, if it can push over that level, it would become support. Graybug Vision could then make a move up toward $8.65.
Bears want to see big bearish volume enter the stock to drop it back down under $5. If the stock was unable to hold the level it could fall down to $3.51, which would also cause Graybug Vision to lose support of the eight-day and 21-day EMAs."
-Business Insider
"Bulls want to see consolidation on low volume and for Graybug Vision’s stock to hold above support at $5.04.
After a period of consolidation, the stock could make another run up toward the $7 mark and, if it can push over that level, it would become support. Graybug Vision could then make a move up toward $8.65.
Bears want to see big bearish volume enter the stock to drop it back down under $5. If the stock was unable to hold the level it could fall down to $3.51, which would also cause Graybug Vision to lose support of the eight-day and 21-day EMAs."
-Business Insider
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