Short term swing trade opportunity! Price target: $5.38.
Having fallen through the red line, to me this is screaming "capitulation" and could be the beginning of a new market cycle. I'm predicting a re-test of the $5.38 level and if it is a healthy trend, could go much higher. This is not an emotional prediction. I have been out of this stock for a year now. It has followed my predictions closely... this is a picturesque market cycle completion. I use the "wall st cheat sheet psychology of a market cycle" chart as the foundation of my trading strategy. The stock is quiet, options are cheap... I am willing to take a risk on this one because it has fit my predictions so perfectly.
Having fallen through the red line, to me this is screaming "capitulation" and could be the beginning of a new market cycle. I'm predicting a re-test of the $5.38 level and if it is a healthy trend, could go much higher. This is not an emotional prediction. I have been out of this stock for a year now. It has followed my predictions closely... this is a picturesque market cycle completion. I use the "wall st cheat sheet psychology of a market cycle" chart as the foundation of my trading strategy. The stock is quiet, options are cheap... I am willing to take a risk on this one because it has fit my predictions so perfectly.