Today we were trading in what seems to be and ascending triangle. We broke out of the pattern at the end of the day with a nice volume. I can see a continuation into the end of the week and we might be able to see mid 4's or maybe even 5's by friday. A close over 4 would be very bullish.
With the canadian update and according to the price action lately, i can see it climbing back in the 4's and continue the uptrend through the end of the week.
From a 15 min timeframe perspective. Kind of bullish to me for the next week. We'll still need to validate that new support line as a rock solid one. We still need to be carfull of the gaps that popped at the beggining of the April run. Thanks for you support and feel free to comment your ideas.
Here's some update. As i make this, already up 7% pre-market... this one will be one to follow again today. Last time bullish crossover = 53% up If that occurs again, that will bring us around 20ish. I think that if it breaks the 20$ mark, we could see a big move up pass the 25-30 zone.
That 20 and 50 MA are squeezing the price really bad, can't wait to see what will come out of that !
It realy looks like a reverse H&S that is about to break upwards. The neck have already been tested twice. If we extrapolate the formation, that brings us around the 31ish. In addition to that, the price seems squeezed between the 20 and the 50 days MA and we're starting to see an upwards in the volume. I think we're about to see a big move on the upside. Let...
Looks like a pennants about to break upwards to me. Maybe by the end of this week or the next one we will be fixed. Let me know what are your thoughts on that.
Hey guys, I made some technical's on the nio chart. Here's what i came up with. Let me know what are your thoughts about it. Key points : -Bearish pennant -Gaps to be filled at 31ish , 28ish and 22ish How low will it go, if down it goes... Thank you