Hello traders,
Back from holiday, I find this beautiful concept of Cypher that I want to share with you!
On the long term could be a buy till 1.40 and after that a retracement to the first level that the price hit on Brexit (2016).
Enjoy it!
PS: It's just my vision, make your own actions!
Very interesting consolidation of the stock in the low 20's. The falling wedge pattern can be seen by connecting the peaks of breakouts along this downward trend.
Note that the 20 cent level has provided excellent resistance in the past. The stock closed at 20 cents this Friday, this was the second time for the ticker. The previous time the ticker closed at 20,...