A real analyst needs to keep adjusting with the price. Price has formed a short-term Bull flag after breaking out of a long-term Ascending triangle within Uptrend. Unexpected. I would’ve expected price at 22.00 by now. Price has pullback to support level of Bull flag giving us yet another entry to go long. We also once again have an “oversold” stochastic reading.
It doesn’t get old. Uptrend + pullback to support + oversold stochastic = Long entry
Entering trade long
Entry: 12.87 Stop loss: 11.54, -10.33% Target #1: 22.00, 70.94%, 6.86 RR ratio Target #2: Trail 50 ema
@NightCommando, thanks. This has been quite the ride. The breakout from the flag has to be a real good one.
NightCommando
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@rudcharts, main question for me is the amount of time it will take to close a candle with the low above 15, we could be zigzagging for a while and retest 15 as support 2-3 times before breaking out to 22.70. 3-6 months possible.
rudcharts
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@NightCommando, this thing has retested after every high since it broke out from $4. smh its incredible. So wouldnt put it past this thing to retest everything it can. On the positive side, the ascending triangle took about 1 month to complete after 1 month of upwards movement. This "rising" bull flag looks almost complete and that took 2 weeks. There is a lot of buyer pressure building up so price might start to shoot even faster after it breaks out of flag.
@NightCommando, i kept buying it up. I was going to post but i've already made a crap load of posts for NINE.
NightCommando
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@rudcharts, surprised the volume is still average, I guess CNBC is doing their best not to ever mention it. I bet the will pump it to 22 and we'll know that's the momentarily top.
rudcharts
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@NightCommando, volume is delayed. By the time you see the volume, the price has already blasted. You'll see the volume soon but the bulk of the move already made