Avinger On High Alerts. (AVGR)We analyzed this one back in june to identify a massive falling wedge on this penny stock.
We have kept it on our radar as it did breakout of the pattern and then retested the lows, treating the old Resistance a ps new support to create what looks to be a double bottom range support.
This can be signs of accumulation to push price up.
Horizontal levels are the breakout levels you will want to play and accumulate.
Remember to diversify, especially on pennystocks
Avinger
Avinger Monster Wedgie! (AVGR)Up late scouting some penny stock positions to start rolling some capital into, this one stood out!
As you can zoomed out on the weekly timeframe the candles are shifting green but are still under this tight compression in this monster sized falling wedge chart pattern. This looks really good! These are ideal chart setups that you want to look for, especially in penny stocks as when they breakout they can surge with high volatility. Let's zoom in and see what levels we want to play.