GHSI is forming lower lows on the monthly chart
However RSI value is going up at the same time
This is an indication of downtrend exhaustion
Stop Loss to be put below previous pivot low
An upside breakout from a Continuation Wedge was confirmed. After a temporary interruption, the prior uptrend is set to continue. The pattern formed over 13 hours and 15 minutes, which is a rough guide for how long it might take to reach the target price of 0.29 - 0.31.
Guardion Health Sciences, Inc., together with its subsidiaries, operates as a specialty health sciences company in the United States. It operates in two segments, Medical Foods and Nutraceuticals, and Medical Devices. The company offers Lumega-Z, a medical food that replenishes and restores the macular protective pigment; and GlaucoCetin, a vision-specific medical...
Upon review Bullish divergence can be seen following an uptrend.
12ema is crossing over 26sma indicating trend change.
26 sma is also approaching 200 sma is indicate trend change.
Buying pressure is increasing
The Barchart Technical Opinion rating is a 88% Sell with a Strengthening short term outlook on maintaining the current direction.
The market is...
Ascending Triangle, confirmed.
Pros:
Descending volume during formation
Volume increase at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
Cons:
200MA flat
250RSI below 50
PT = 1.59$
We are back in action here @ GHSI.
My first alert took a bit longer than I thought it would but finally back at price of July/Aug 2019.
Big body of Cup formed and migght see a small pullback (handle) and then launch into green zone. I have no Idea how high this might go but PT1 : $1.6
should then catapult this into $3 range pretty fast.
Good luck!
*Please like...
this shows how beautiful the trend has been and continues to be.
What we see is consolidation in the .70s - bands are narrowing, and notice how the price has stayed above the middle bollinger band indicating bullish sentiment and price action.
We are poised for a move above one. dollar in the coming days/weeks.
Chart is a true beauty NASDAQ:GHSI
The CM VIX FX which I find to be incredibly reliable in finding market bottoms , is flashing green on the hourly.
a great sign for the beginning of next week
I have already shown you the descending wedge in previous posts.
NASDAQ:GHSI
the chart is clearly rising, and above the middle bollinger band on the 4 hour chart.
look at the recent red candles and the lower wicks - also bullish
the bulls are in full control and will be for the foreseeable future.
Bret Scholtes will transform this company.
buy in now and enjoy your investment
penny looks bullish to me. waiting to see what happens in this correction. Risky obviously
Want it to take out $1 again and stay above .66 for the micro bullish
not financial advice
