SUB can be analysed two ways.
1. Drawing trendlines, seeing its growth channel and drop conclusions in light of it.
- long-term;
- the green triangle is out of it, but why?
- maybe it will drop and form the red triangle?
- one thing is certain - their project is real and it's good. so my bet is to go up.
2. Seeing it as a bullish flag. Signs:
- volume is diminishing through the flag;
- volume went up preceding it;
- there's also a little bullish rectangle.
Both can be summarized as a Elliot Impulse Wave (12345). The 4th and 5th possibilities are in the chart!
1. Drawing trendlines, seeing its growth channel and drop conclusions in light of it.
- long-term;
- the green triangle is out of it, but why?
- maybe it will drop and form the red triangle?
- one thing is certain - their project is real and it's good. so my bet is to go up.
2. Seeing it as a bullish flag. Signs:
- volume is diminishing through the flag;
- volume went up preceding it;
- there's also a little bullish rectangle.
Both can be summarized as a Elliot Impulse Wave (12345). The 4th and 5th possibilities are in the chart!
Comment:
Went into the trend channel and now it's testing the major trendline to see if it stays inside channel.
