The share price rebounded upon touching resistance turns support at 0.35, followed by a bullish pennant pattern. We notice a breakout above the pennant today, suggesting further movement to the upside. The nearest Fibonacci resistance is seen at 0.465, followed by 0.58 and 0.655. Price movement below 0.34 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only