I've been watching this chart since January, and have been tracking the upper and lower trend lines during that time. If you set your chart to 1 day interval, and look at the 4 month, a clearly defined bullish falling wedge can be seen with a rapidly tightening range. I theorize we'll see an imminent breakout. I hold a position in this stock, and have been adding...
This is a very similar setup to my earlier EXRO call where an anonymous author calling him/herself “Mariner Research Group” put together a shoddy “short thesis” that was quite frankly garbage. It would not surprise me if this “Night Research Group” is the exact same person. Same quality of work, same hastily put together WordPress website with no contact info...
Just an idea out there. Been watching this for a while. My avg at $0.44, 1.68, 1.85.
Liking this for a good 2 to 18 month play.
Tell me what you think?
Bullish Flag
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
If confirmed:
PT = 2.175$
Bullish Flag, Confirmed
Pros:
Descending volume during formation
Volume increase at breakout
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 9
200MA ascending
Cons:
250RSI below 50
If confirmed:
PT = 1.070$
