Lets take this trade, and the trade is active now. We might have a bull flag here.
A nice breakout today although the volume was not that much! Still I am cautious about this stock for long term until it stays above 1.26$. Lets consider a long position like this for the next few days! Hopefully it will be triggered.
Pros in chart: 1) Price is making consolidation. 2) Divergence in daily TF 3) Price reacts to Fib 50% Cons: 1) tons of resistance above like MAs, look at Ichimoku as well. What should we do: Personally, I think its better to wait and look at the price. Will it be able to break one of those yellow lines? If it breaks the upper one, and price hold 1.26$, maybe...
This year will be a nice year for shareholders of this stock!!