This is the indicator I'm watching now. I If it starts crawling up the channel, it could mean it's respecting that long term trend, and every other time it touched it, there was a mega-pump. There are actually several trends converging right around here, I'm not showing them all. BUT, as somebody here pointed out to me, it's also in a giant rising wedge.
My thought is, the weeklies show this is a great long-term investment with a lot of room for growth, and there is a remote possibility of a super-pump soon.
I'm no good at setting targets beyond obvious historic resistance, so if you have ideas, please share.
My thought is, the weeklies show this is a great long-term investment with a lot of room for growth, and there is a remote possibility of a super-pump soon.
I'm no good at setting targets beyond obvious historic resistance, so if you have ideas, please share.
Comment:
It looks (for now) like we have a channel! There is still major resistance at 32ish and we'll have to see if it can break out of the wedge, but I'm hoping it steadily crawls up that channel with sporadic pumps unil we get to .45
