Bullish Flag after filled double bottom
Pros:
Descending volume during formation
PPS above 50MA and 200MA
ATR Ascending
R/R ratio above 5
Cons:
250RSI under 50
RS close to 0, and descending
200MA flat
If confirmed:
PT = 1.0966$
test
on 8 hour (C) is $0.9755 so $1 is perfectly in line as it's the 1M 10day ema. On the monthly (A) is 8 hour's wave (C) and 2.618 of our target sometime between 2021-2022 at $5.3-$5.5. GL
LKCO Announces a New Round of Financing
today announced it has entered into a preferred share subscription agreement with Daci Haojin Foundation Limited ("Daci Haojin"), the Company will issue 15 million preferred shares to Daci Haojin at USD $3.00 per share resulting in an aggregate financing of USD $45 million of gross proceed to the Company....
This one is sitting on support.. we also gained a level back on support. So let's see what happens could revers here break its mini trend and keep going.
Hello,
What is LKCO?
Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. The core brands of the Company are "Luokuang" and "SuperEngine".
My Thoughts
I am seeing a rounded bottom indicating that the decent has ended and that the...
