The buy zones and gains from Mainnet to Summit.
Buy zones = green boxes
Support zones = blue lines
Major Resistance trendline (bear) = pink
Major Support trendline (bull) = purple
This should give us all an idea on when to buy or sell. Barring bad news from FDA
Every time it crosses the bullish trendline, it shoots back up for new highs. Every time it passes 70 on RSI, it shoots down again.
Since news of KEM 2nd offering:
- A drop in price every morning during market open.
- Rising wedge formations every day.
Today:
- Rising wedge ceased.
- Double bottom formed at $19.22 establishing floor support.
- Touched 50MA and pierced downward trendline.
What to look for to confirm trend reversal:
- Higher lows
- Price hovering above $19.70
- If price...
$aaoi Since the bearish trend, it has formed a falling wedge with strong support at $55 + completely retraced 100% from bullish explosion the past year. Barring bad PR news, trend should reverse and become bullish again
