Liquid Avatar ramping up for the next reboundCHART CHECK:
The last few weeks of trading have been marked by a general sell-off in the small-cap sector. As a result, the stock price fell from a 2021 high to approximately CAD $ 0.150.
The current base appears to be a solid support level. The stock is currently heavily oversold.
MACD looks strong and healthy and should help generate buy signals and put LQID into a bullish reversal mode.
FUTURE SECTORS:
LQID was successfully entering the new artwork NFT market (launch of Oasis Digital Studios and Infinite marketplace, partnership with AR-company Imagine AR)
In addition, they are currently creating a universal utility that will allow users to control and manage their personal data and information through a digital identity.
TARGET:
My personal target price is 0.35 CAD by the end of June 2021. Keeping the fingers crossed :)
LQID trade ideas
LQID.CA: Ascending Triangle (65%)Ascending Triangle (65%)
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
R/R ratio above 5
ATR ascending
Cons:
RS below 0 and flat
200MA flat
250RSI below 50
Target:
PT = 0.63$
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Always do you own Due dilligence. This is not financial advice.
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