After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125)
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.
239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.
276 - 292 - 337 - 395 are the levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.
239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.
276 - 292 - 337 - 395 are the levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.