Great continuation of uptrend, slow stochastic yesterday signaled a needed reset. Retested new fib line support with a strong bounce, need to retest next fib line resistance to continue uptrend. Earnings coming out this month, partnership announced today, looks to be a strategic partnership to capitalize on each company's competitive advantages in the space....
Broke several resistance levels today, need a close above the fib line, will get us back in the uptrend (purple line).
Strong support at .0941 at the fib line, next resistance at .1172, next fib line, following the uptrend pattern. Volume will need to pick up to push us to next levels. Lots of catalysts to make this happen.
You can never go wrong with using Fibonacci falling in line with human psychology and the universe itself. Major support zones hit on the fib lines, with obvious resistance levels that are ready to break. Initial flag pattern had broken down, potential flag pattern support highlighted with lower purple line. Pinch is inevitable. Q4 earning should be released...