If it goes above its latest top price, we can expect a new trend.
Trade closed manually
RED FLAGNote
It’s still hanging near the support line, but barely. If it drops below $1.79, it’s better to let it go. A resolution is coming soon.Note
I had set $1.79 as my stop-loss, but surprisingly, it bounced back at $1.80. I got lucky. I still hold the stock and plan to sell part of it around the $3 level in increments.
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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.