Starting to form a flag on daily. Has been volatile in the selling zone, but all the dips to 10.50 have been bought so far.
once it breaks above 13, likely to see 19 real fast for 200DMA cross.
If 10.5 goes, next stop would at 8 and 6.
액티브 트레이드
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Just as expected, really pushed hard on the hold of 12.60 yesterday. Now any news and short squeeze should propel this higher to 19
액티브 트레이드
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Bingo!! First target reached. I don't see how this is done. Short squeeze is just starting.
코멘트
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This might actually go to 53. You heard it here first :)
코멘트
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Keep things simple now. Two scenarios: 1. It continues to rip to 53 next few days and then gets shaken. 2. backtests 20 zone and forms another flag above for continuation higher.
Notice how chart always leads the news :)
코멘트
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Here is why that 20 zone is critical for either side.
That bull flag in the 20 zone isn’t looking too good. It’s going to go down bc the next buying support is $17. Two things can happen: 1) It bounces off $17 and continues higher. 2) It breaks below $17 where $15 and then $11 are supports. Trade accordingly!
CheelooTrader
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@arwatters, Well, it got sold in the supply, but that's just one day. There is plenty of time to build the energy to push higher. If it fails here, that would be alarming.
zipInvestor
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Do you still think $53 is possible I see fading support and can't push beyond 23
CheelooTrader
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@zipInvestor, after big moves, it takes time to build energy for next move. Patience is the key.
orhan_drsn
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Is the trade still active? it looks good that we're getting to 53.
impossibleno
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Excellent analysis!
CheelooTrader
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@impossibleno, Thanks...hope you made some green on this.
1) It bounces off $17 and continues higher. 2) It breaks below $17 where $15 and then $11 are supports. Trade accordingly!