The stock, after a strong move from the 1.20 to 5.00 zone, has since materialized in a healthy way, and found support on the 0.78 Fibonacci level.
The stock closed an open gap at 3.50 and is having difficulties through this area.
Currently producing a cup&handle pattern (orange).
in addition there are currently about 18% short interest on the stock, which can fuel the move.
The scenario on the chart, only at breakout of the 3.50 zones.
Targets:
4.00
5.00
The stock closed an open gap at 3.50 and is having difficulties through this area.
Currently producing a cup&handle pattern (orange).
in addition there are currently about 18% short interest on the stock, which can fuel the move.
The scenario on the chart, only at breakout of the 3.50 zones.
Targets:
4.00
5.00