i noticed that when it dipped it went to a fibonacci level and also formed a bull flag.. you cant tell on this chart but this has formed a strong ascending triangle over the past year or so, and the 200 day moving average is strong support. I have stop losses at 2.40, five cents below the moving average today for fear of the smart money that takes advantage of stop loss.. if it goes below 2.40 the trend is invalidated. I believe in the next few days it will attempt to break the upper resistance around $3 again.
Kommentera:
I was right! even before this was posted it broke out from the bear flag
Kommentera:
i mean bull flag