As you can see a duck beak forms when projecting possible trends. The trend is duckish.
I am long term bullish on this company, but in the near future I continue to see a Kangaroo market. Not a financial advice.
So, on a log scale I see this channel. How to: -> When the price is in the accumulation area (between lower limit and accumulation line): weekly/monthly plan of investing -> When the price is between the accumulation line and the profit line: sit back, invest in something else, hold, relax, go to the theater, play videogames, love your partners -> When the price...
- Volume drying up. - Might be last point of supply Mid term goal: get the levels prior to the corona crash of march 2020
Restest of the level prior to the IonQ announcement. TP:12, SL: 10.25
Not a financial advice, just a trade I'm taking.
Trading the falling wedge, with profit taking after breakout.
If a H&S forms at the indicated point, I'm going to follow this 100% speculative strategy. Splitting the entry points in 3 with different entry ammounts (base is 1).
NO ADVICE GIVEN Just a way to look at the present compared to the past.