Overall monthly there is a downwards wedge, signifying breakout. Weekly trend has a strong upwards trough from 13-14th. At the daily level, 3 Green Soldiers Candlesticks can be displayed at the 5 minute ticks, showing strong buying pressure from bulls prior to close on the 14th. Looking at the S/RSI indicators below, displays low 30.00s, prior to yesterday's close, signalling oversold conditions; my expectation is that execution will be easy to come through. However, if there is high supply volume of sells, we can expect the price to crash; though not-likely.
I am feeling with 75% confidence that this is bearish outlook for tomorrow. All may change with the 08:00 AM news.
Strategy: Enter @ $3.49-3.50 depending on pre-market trading activity. Set stop loss limit at $3.41, since it would have to tank and fall through the $3.45 support. If it breaks the $3.52-3.53 resistances, with strong lengthy candles, we can expect a target exit price of $3.57/8 and/or above. The risk reward ratio is 1.33 conservative to 2.33 aggressive.
I am feeling with 75% confidence that this is bearish outlook for tomorrow. All may change with the 08:00 AM news.
Strategy: Enter @ $3.49-3.50 depending on pre-market trading activity. Set stop loss limit at $3.41, since it would have to tank and fall through the $3.45 support. If it breaks the $3.52-3.53 resistances, with strong lengthy candles, we can expect a target exit price of $3.57/8 and/or above. The risk reward ratio is 1.33 conservative to 2.33 aggressive.
Nota
I noticed a 31% Short Float. Something to be cautious about. May or may not play into favor depending on if they get squeezed.Nota
OMG. I nailed it! GG Sprint. BOOST ME TO $3.63!! GO GO GO!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.