News are good.
The price is stuck in a range since several months.
The price tried to get out of his range but the gap was huge.
Its just filled !
I tried a buy on friday with a very short SL. First target is around 1.20$ zone.
SL is on the 0.55$ zone.
-Traded this in the morning on friday but this failed to breakout that $4.25 wall that's #1 so the momentum is there but volume needs to kick in
-As we closed on friday we had a very strong close and candles like these don't get left hanging
-Tis is very strong resistance think of it like a rubber band the more you test its resistance the more it will shoot....
Bullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Cons:
Gap may get filled anytime.
Target:
PT = 20.92$
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TAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment
$TAOP announced today that the Company has entered into a consulting agreement (the "Consulting Agreement") with Great Bay Capital Investment Limited ("Great Bay").
Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term...
see easy and self explanatory boxes on chart for Entry, Exit and Stop loss zones. Never chase any stock.
Not for any recommendation, Just an Idea. Like it >> Click 👍/comment, and follow.
I closed 3 trades today (SOS - 22% in 15 days, SUNW - 62% in 7 days , OGEN -55% in 1 day)
Looking at the chart, it seems that NASDAQ:TAOP has broken a huge falling wedge. Also, bullish divergence is present on monthly MACD as well as bullish cross over on monthly MACD.
Please take a look also my other analysis published on the 8th of December.
Happy to hear what do you think!
Chart show a nice move and seems getting strong today, currently at $8.80 approximately from $1.90 it's a huge volatility indeed and seems to run further in the coming days.
TAOP Upgrades Taoping Smart Cloud Platform to Expand its Business
has upgraded its Taoping Smart Cloud Platform and put it on the market.
Taoping has cooperated with Baidu, JD.com, Ali UMeng, ZMT Smart Screen and several other heavy-weight DSP and ADX platforms.
