I'm watching closely how the handle forms as the cup with handle formation continues. I like how the breakout on Jan 19, 2021 was on large volume confirming the breakout has standing power. On Jul 14, 2020 the price was 1.77, according to my analysis adding .10 equals 1.87 and the new support price. After the breakout on Jan 19, 2021 this becomes the new support. So far this has held true, I'll continue to watch closely. Getting close to the end of the triangle where "possibly" a move is setting up as it coils up into the triangle (my opinion.) Can only speculate and continue to watch closely as this plays out. Pay attention to market direction too. Another strong pop in a down market they usually fall faster than they go up and very few stocks perform well during breakouts when / if the market is bearish.
mind telling me what you're looking at with your analysis?
I'm watching closely how the handle forms as the cup with handle formation continues. I like how the breakout on Jan 19, 2021 was on large volume confirming the breakout has standing power. On Jul 14, 2020 the price was 1.77, according to my analysis adding .10 equals 1.87 and the new support price. After the breakout on Jan 19, 2021 this becomes the new support. So far this has held true, I'll continue to watch closely. Getting close to the end of the triangle where "possibly" a move is setting up as it coils up into the triangle (my opinion.) Can only speculate and continue to watch closely as this plays out. Pay attention to market direction too. Another strong pop in a down market they usually fall faster than they go up and very few stocks perform well during breakouts when / if the market is bearish.
mind telling me what you're looking at with your analysis?