4DXNEWS CAT
1JUL "4DMedical signs deal to supply lung imaging technology to Australian radiology clinics"
Looking for Option A
Or
Looking for Option B
Option B would provide a nice entry if we could flush down into that lower TF range in Blue. This range was the last range on the 5 minute chart that sent the price moving a lot higher. 22% approx.
Trigger is a break of the falling resistance line.
Confluence is a move above the 10day EMA, Above VWAP, a reclaim of the RL range marked on the chart.
Intradaya
LLLCurrently in price discovery and the Volume on this is decent.
Nice full bodied candles on lower timeframes means is being actively traded.
I looking for a retest of the original breakout marked in blue range "LTRH and "LTRL" lower timeframe range high and lower time frame range low.
A break above the falling resistance line will be key trigger, i may bid the LTRL range low with tight stops if we get a flush down.
Another trigger will be a break of falling res line and reclaim of the upper range LTRH.
Let see what next weeks brings.
lithium stocks are rebounding which bodes well for the thesis.