BAT possibilities in the next few hours
Updated
I charted this for my own benefit, but figured I'd share it publicly.
Right now, the long term trend line has been broken and we can see how the horizontal green line is acting as resistance. The set up right now is a bullish ascending triangle. A clear break above the horizontal resistance should signal a move higher.
Other possibility is that we can drop back down to the old pattern we were trading on for the past few days.
For those who have yet to enter the market, wait for a clear break above the horizontal resistance.
The next few hours will be key to see which way this is going.
Disclaimer: Not financial advice. Charting for own reference.
Right now, the long term trend line has been broken and we can see how the horizontal green line is acting as resistance. The set up right now is a bullish ascending triangle. A clear break above the horizontal resistance should signal a move higher.
Other possibility is that we can drop back down to the old pattern we were trading on for the past few days.
For those who have yet to enter the market, wait for a clear break above the horizontal resistance.
The next few hours will be key to see which way this is going.
Disclaimer: Not financial advice. Charting for own reference.
Note
Volume came in and beautifully pushed us past the overhead resistance. But it was quickly corrected after the price hit the 25 day MA on the daily.
Previous resistance is acting as support now. Let's see if it holds.
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