ANKR Retesting Highs + New to Come??
Not an Advisor.
A friend asked me to look an ANKR.
So ANKR in a nice Consolidation zone right now and looking to make a higher high.
I can certainly see ANKR hitting a Price Target of .30 cents here on this run, That comes from the flag measurement. Now you Measure the flag then clone that and apply that to the breakout from the flag.
We haven't broken out yet, So once that occurs thats where you actually get the price target.
Indicators are showing RSI currently at 51 which is great, we have further room to run. All while showing bullish divergence.
MACD is looking to golden cross to spark the run.
Stoch lines are coming out of the bottom zone and ready to give this that extra momentum push upward.
9 MA looking to cross over the 21 MA
We have relatively low volume in comparison to the last breakout. We need that to return in order to snap out of this pattern currently. If we don't see volume start to return we may consolidate more, look to reverse and try to gain more momentum to repeat this pattern once more before breaking out.
Again this is on the daily chart so this could take a few more days to play out.
A friend asked me to look an ANKR.
So ANKR in a nice Consolidation zone right now and looking to make a higher high.
I can certainly see ANKR hitting a Price Target of .30 cents here on this run, That comes from the flag measurement. Now you Measure the flag then clone that and apply that to the breakout from the flag.
We haven't broken out yet, So once that occurs thats where you actually get the price target.
Indicators are showing RSI currently at 51 which is great, we have further room to run. All while showing bullish divergence.
MACD is looking to golden cross to spark the run.
Stoch lines are coming out of the bottom zone and ready to give this that extra momentum push upward.
9 MA looking to cross over the 21 MA
We have relatively low volume in comparison to the last breakout. We need that to return in order to snap out of this pattern currently. If we don't see volume start to return we may consolidate more, look to reverse and try to gain more momentum to repeat this pattern once more before breaking out.
Again this is on the daily chart so this could take a few more days to play out.
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