the price is respecting an upward trend-line as the price is above the 13 sma which is bullish .
The price is forming an ascending triangle as in case it break 8.10 I would expect the price would test 9.4 level.
I'm expecting the price to start an uptrend from here to test the 26 level as a mid-term target (swing trade-idea)
Today the price broke the green - trend line that I showed before , if the price holds the 1.66 pivot I would expect a continuation of an upward movement. ( I'm left with a small position , I could add in the way up).
as far as the price holds the 2.66 pivot I would expect the price to keep up trending . (holding)
Accumulated stocks :
the price made a an triangle pattern and today it managed to break the upper line , watch for break of the 50 SMA as it can back test the 1$ level. ( my scanner noticed accumulation of the stock)
my scanner noticed accumulation of the stock as it closed above the 13 SMA , I would expected the price to test the 1.2 level and in case it breaks it to the 1.4 level.
I will be watching if the price would managed to bounce of the 13 SMA.
swing idea : the 13 SMA is about to cross the 50 SMA as I'm expecting for a first PT a test of the 7.57 and as a second 8.57. ( my order wasn't fill the other day , I may initiate position tomorrow )
the price managed to bounce of the 2.8 level I mentioned yesterday , I'm expecting a test of the 3.45 and maybe a break out???
SUBSCRIBE FOR REAL TIME ALERTS + CHAT ROOM - $1.00 USD for the first 7 days then $15.00 USD for each month
The package includes
CHECK THE BLOG FOR OUR PREVIOUS ACCUMULATION/SWING TRADES/DAY TRADING ALERTS