Based on the candle sticks presented, we can identify 2 key points that present opportunity in EYPT. First the “GAP” presented by the yellow highlight, when these gaps are formed and the stock starts to recover it is common for the price to rally back towards the price where the gap was created in this case roughly a bit under $2.20 ($2.11 was the lowest bid...
A brief breakdown of the channel in play, and the one following it. But this has been played numerous times over the last 2 years in our group.
EYPT to play channel 2.05 - 2.67
Bottom of channel: 2.05
Mid ranged resistance: 2.4
Top of channel & Breakout point: 2.67
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Above this point we could see the next channel play 2.67 - 3.36
Bottom of this channel:...
Pumped super hard. RSI showing oversold on 1w, 1d, 4h, 3h, 2h, and 1h charts. Got rejected at resistance.
EYPT is an industry leader though, so it could correct and continue its pathway up higher.
If it breaks the support then SELL, if it breaks the resistance than BUY.
finance.yahoo.com
finance.yahoo.com
Earnings are released May 8th.
