The trend lines in black suggest a descending triangle formation. The red trend line is possibly a current support line, as it was a resistance line previously, a support line in 2016 (around September) and a past point of slight congestion (April 2018).
My attempt at a prediction is that it will rebound off of the support line and break out upwards from the...
This is my ideal for KODAL
I will be looking for buys around the 0.07 - 0.06 area , but I would need to see bullish action in the 1 hour chart before I take the trade in this area.
My short term target is 0.5958 but i think this is a stock that you should hold for a very long time, to really see the big gains.
Good narrow price range with symmetrical pattern strangulation may stimulate some moves to the upside.
Typically the price action pattern is not a reversal pattern so positive projections need to be concidered.
Look for strong pushes to the upside breaking 0.35 followed by test of the next logical high at 0.50 area.
There may be some shallow price challenges...