1 hour candle, descending triangle breakout away from $0.570 go beyond 0.590, this action was activate 2 consecutive wave 3 formation which is carry bullish imprication, it is heading to $0.640/0.670, the price action pulling futures and instutional trader attention to trade on this stock. In daily trend, Symmetrical triangle Breakout away $ 0.570, Target suggested by the chart pattern was $0.655/0.675
Target of future trader is $0.615/0.670
Target of position trade is $0.635/0.700
Target of Institutional Trader/Inverstor : $0.640/0.670
Resistance $0.600/0.630
Immediated support at 0.560
I will lock partial profit along the resistance line and full profit at the 2nd target
I will apply trailing stop after price pass through resistance line
My stop loss is price close below 0.560.
Weekly Chart is wave 5, which is heading to $0.670/$0.700/$0.750
Daily Chart
Daily wave degree on minor and intermediate is heading to 0.640 and 0.670
Daily Chart
Pass data suggested the target prices will reach $0.655/0.675,
Created by mwong3 | Nov 21, 2020
Created by mwong3 | Nov 18, 2020
Created by mwong3 | Nov 18, 2020