Clear uptrend pattern, consolidation pattern that is now at the bottom and next is the top again.
Based on the flag pattern en moving average lines.
As seen in the past it takes about 1 year up and 1 year down to follow the blue trendlines.
As Clearly seen in 2009 de dip has been en now we can go back up, it is a long term trade for 2 years.
2 possibilities, but likely more short. we hitting previous resistance/support and the moving average lines.
On the day chart we find a possible upcoming head and shoulder pattern, let us see and wait if we make support/resistance and then down.
Based on the previous hit of moving average and the new uptrend on the daily chart.
Perfect previous points on trendline and moving average lines to go again up. Repeat?
Back at previous Resistance that could now become support. Also at the moving average line, perfect 1/3 ratio trade, worth the risk.
Another leg up (repeat from before), retest of previous resistance that should now become support. Perfect on the 3rd moving average line.
Based on previous rejection of the moving average lines and now again.
Continuation of the downtrend on the 1h chart. Hitting the 3 moving average lines and then down again.
Continuation of the downtrend, based on the 2 previous moves and the 3 moving average lines.
History repeats itself pattern? As long as support doesn't break, that was previously resistance i think we can go up again.
A medical tech company know for different drugs but currently it is making Remdesivir. In studies it shows it helps covid-19 recovery. Based on breaking and closing above resistance today we would go back to 110
Based on resistance and support it is slowly moving back up.
Based on 2 previous moves and moving average lines at the 1h chart.