BALLARD POWER just breakout from its resistance 16$ which price was last seen on Dec,2002. And now resistance may became support after 8years of downtrend.
***Just sharing my opinion , not an investment advice.
Until the price reached 220, it's quite ambiguous whether it will go up or down, 100EMA usually strong resistance and buy from here, On the contrary it has seen the reversal from uptrend and all-time high is $245. Go for Long if it touches $220, if the daily candle of 30/06/20 goes bearish, its indication of Downtrend momentum.
While analyzing the charts if we bring in the element of family into it, it makes a lot of sense and we understand things better. In this example I have put 21period moving average(ma21) and a 10 period exponential moving average(10emaavg) as the parents and the price candle stick representing the child. How parents behave towards the child and what happens when...
News pumped as GNC filed for bankruptcy
Support at 0.70c and downtrend if at 0.60
resistance at 1.05 and a confirmation will be at 1.20
My prediction will be a bull trend in upcoming weeks
It's a good stock to watch in upcoming weeks as Amazon trying to get into supplement and pharmaceuticals sector
