The 50 ema, red line, is about to cross the 200 ema and sma, on the daily. Golding cross baby!!
Stochastics RSI is over bought on the 4 hr and daily, fyi. The ADX is showing the buyers are still strong. The green and blue lines are the anchored V wap. Blue is the middle. I have 2 anchors. The previous high around $12 and the previous low around $2.75
Price might drop to a major support line
which is around $3.21-3.65 RANGE. If we drop to that level then golden cross is very possible and to
the moon. I have sold my position at $8.77. Waiting for a new entry point
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 6.86 USD
LTBR I notice has been having a good run up from .80s to 1.06 of now.I have been watching the stock for the last year.It looks like could have a major break out if LTBR can break 1.10s and go to 1.30.Still long term this stock is a dud which there isnt product reaching the market is the 2020s.
Sellers drying up, it broke past the full retracement, could potentially get one more little sell of into the 30's, add there. Only use 1/8th to 1/4 normal size. Sell half the uptick. Hold the other half for a big swing
Nice setup for a long position if you are patient.
Nice entry point for a LONG at position 'D'. This entry point may only work with support on the 50MA.
If the 50MA is broken, look for support at $1.88 and a solid reversal confirmation. If this happens there is a potential for Bears to create a real wall at the 50MA again.
BE CAREFUL!
THE ABOVE IS JUST MY OPINION.
