price seems bearishly diverged rejected from $1whether its psychological resistance, ovextention of distribution or availability, or volatility from profit taking, the rejection at #1 has led to a sizeable pullback on the 1 hr chart. if we dont break through this high bulls will look to confirm a higher daily low and try again at $1.
i think its clear this stock will remain under $1, even if it goes to $2 over enough time.
Topgainers
cup and handle bull cypher fadingtheres no reason to this this stock will climb for many days without a contraction and consolidation period toward the volume area labled with dots in center. this is to bear in mind that the current pattern is very bullish on lower time frames, but ahowing signs of being highly overbought. im going to short this knowing that volatility is rising and the sell zone has been hit multiple times.
ORCHPHARMA Giving a Strong BreakOutOrchid Pharma Ltd. engages in the development, manufacture, and marketing of diverse bulk actives, formulations, and nutraceuticals. Its products include cardiovascular, anti-diabetic, neuropsychiatry, nutritional supplements, cephalosporins-orals, cephalosporins-injectables, veterinary products, and non-antibiotics. The company was founded by Kailasam Raghavendra Rao on July 1, 1992, and is headquartered in Chennai, India.
Can Keep
Stop_Loss - 1,400
Target_1 - 1,625
Target_2 - Trail With 20-EMA
could this be worth over $3? (ATNF)its not much of an uptrend, but the daily is enjoying a sizeable bounce so far, qnd im looking for this to continue into noon or maybe 1pm.
the RHS i have mapped out was not obvious until this morning as we did not clearly break the downtrend with our right shoulder. normally this invalidates the pattern, but ive seen enough buying this morning to make it clear to me that this is bouncing.
2.96 long target, 2.79 stop loss, buying 2.80/2.81