Text me if you have any questions/comments for me.
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JAN
- Previous analysis was done on 16 Sep (red arrow) -> Recommended waiting for successful breakout before plotting entry
- Since then, the stock drifted towards the mid-term support before breaking out yesterday
- The long tail above yesterday’s candle can be a concern but if the stock doesn’t fall below the $1 level (orange line), it’s too early to call it a false breakout
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a test of the $1 support and a successful rebound
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JAN
- Previous analysis was done on 16 Sep (red arrow) -> Recommended waiting for successful breakout before plotting entry
- Since then, the stock drifted towards the mid-term support before breaking out yesterday
- The long tail above yesterday’s candle can be a concern but if the stock doesn’t fall below the $1 level (orange line), it’s too early to call it a false breakout
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a test of the $1 support and a successful rebound