Mark_Vertenberg

Mark_Vertenberg

On the Weekly chart we can see a cup and handle formation, according to the pattern the potential is +54% Stop Loss: below the support line.

Mark_Vertenberg

On the Weekly chart we can see a cup and handle formation, according to the pattern the potential is +50% Stop Loss: below the support line.

Mark_Vertenberg

The stock just tested the Weekly trend line(Colored red) with high relative volume, plus it's above 200 MA and RSI is on the over sold side. Stop Loss: below the low wick of the candle that tested the support line. Target: 150 MA, then 50 MA and possible ATH.

Mark_Vertenberg

The Stock just tested the weekly trend line(Colored red) with relative high volume, plus it's above 150 MA. Stop Loss: below the low wick of the candle that tested the trend line. Target: The 50 MA, then possibly ATH.

Mark_Vertenberg

As long the stock not dropping to fill the gap and the 150 MA supporting, I see a potential up side to ATH.

Mark_Vertenberg

As you can see it seems to find a support on the trend line which can lead to get the price up, at least to the resistance level above.

Mark_Vertenberg

RSI has lower highs while the price creates higher highs, which can lead to down trend and test the support(green) around 25,000$. Plus the price is currently in a resistance area(red), and forming triple top or a flag structure.