A symmetrical triangle has formed and a breakout happened with a huge volume! Also a golden cross happened by the crossing of the 50 and 200 MA. I suggest the price will go higher to the specified resistance, which is almost the same as the triangle length. Good Luck.
XELA = WEDGE SISTEM TOURN AROUND SISTEM ON MONSTER VOLUME 10 X in a day .. STAY TUNED from 0.65 $ tp1 1.6 $ Tp2 medium term 4$ ... 95% PRECISION ON SISTEM WEDGE ALLERT
Double U's are a good letter to see on a chart, as opposed to M's.
Looking at price and volume, May and June have seen accumulation. Perhaps July will be fireworks.
MACD cross upward again.
Targets are shown at yellow lines.
Viewing a rising wedge pattern that is forming for a possible lift off to recent resistance levels. Very new at TA but like to throw my few cents out there to see opinions.
just found it in the screener. the chart looks interesting, nice breakout above the EMA100 & the volume is picking up. low float with a good shareholder list.
let's see.
Please note: just sharing my view. its not a recommendation for buying or selling.
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
