The end of the bull run could be near.
Price rejected at 200 MA 2 times previously
It appears this chart might see a quick momentum up and then quick crash back from 200 MA. The rally does not have strength but with the movement of the last two days it might start to have people FOMO in.
Volume lowering not a good sign for bullish strength
tradingview.com/chart/AsvInhGf/
RSI nearing overbought
MACD showing clear sign for start of this run up. The price is rising so fast unless using a trade bot does not make sense to me to wait for this indicator to show trend reversal. If you trade next day it might be at a 20% loss.
Over all to me the risk reward past 200 MA does not make sense. Selling just before 200 MA makes more sense. Possible this stock could go to $30 or $40. To me the risk reward of selling this below 200 MA makes more sense. If 200 MA becomes support buying back in might make sense. The great thing about this stock when I first posted about it was clear lack of confidence around this company. Now that the stock price has gone 3x since it's lows it's hard to continue that argument and looking like it may shortly shift from fear to greed.
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