Today we saw a premarket bull run, followed by a sell off at .0065 and continued selling where the price eventually stabilized a little above .004 still up from the prior week.
The pattern here is a reversal pattern of a falling wedge. With the looming potential for a positive lawsuit outcome on the 26th expect to see more buy volume and higher runs.
If next weeks volume matches this weeks then we should see resistance break through .006-.0065 with good support at .004
Next week market opens on Tuesday. I'm excited to see the price action on this stock.
The pattern here is a reversal pattern of a falling wedge. With the looming potential for a positive lawsuit outcome on the 26th expect to see more buy volume and higher runs.
If next weeks volume matches this weeks then we should see resistance break through .006-.0065 with good support at .004
Next week market opens on Tuesday. I'm excited to see the price action on this stock.
Note
CORRECTION: Strong support at .004
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.