Short-term swing setup

Aug 9, 2018

Strong and steady intraday volume has created a nice candlestick for today (8/8) and has moved the price up to the next level/range according to my support and resistance boxes. I am holding this short-term swing overnight with a manual stop position at $1.77 (bottom of upper rectangle) and a short term price target at $2.05, just under key resistance at $2.06. This also has a high short float percentage and, therefore has potential to squeeze much higher than current price target if the conditions are right. https://www.tradingview.com/x/QJ5ftZCt/$