QYOU seems to have corrected enough to just above the 61.8% retracement It might have started wave 3 of 5 now to reach about 0.7
Potentially +100% in wave 5 Log scale Seems to have completed wave 3 and now a wave 4 passed with time instead of price action
It seems wave 2 in (5) completed and now we move higher to complete 4 and 5 during the first part of 2022
The descending triangle (bearish signal) has played itself out confirming it's break below support and and is now forming a descending wedge (bullish signal). This pattern is confirmed with 3 reaction highs and 2 reaction lows (lower highs, lower lows). The daily chart looks primed for a breakout, the hour chart looks exhausted and may need a pull back. Will be...
Initially investors believed a cup and handle formation was forming on QYOU. Amazon news was dropped at an opportune time on the handle but seemed to fall on deaf ears and began forming a descending triangle.
QYOU keeps on giving good news in terms of brand deals with big companies, but it is not reflected in the stock price. This week could be key for the stock, if we close above 0.34 it could be the breakthrough, if we stay under, the stock will probably move under 0.30.
Elliott wave projection target 0.735 We seem to be starting wave 3 now target 1.618 fib extension of 1 from 2 Good luck
An update on QYOU.CA on the 1hour time frame where we see the development of higher lows on the RSI indicator and a potential cross over on the 10EMA and 50EMA. Let's see what happens over the next few weeks on this one.
Taking a look at QYOU.CA on the 1 day time frame we see a cup and handle pattern forming. Entry point is at $0.335 and take profits at $0.48 (last resistance). Look for re-entry if breakout past $0.48 and new support forms. Cons: Price below 10EMA Price not quite above 50EMA MACD Descending and challenging negative area.
Primary Target (short term): Bullish Flag, confirmed (143%) PT = 0.695$ Secondary Target (Long term): Bullish Flag, confirmed (180%) PT = 0.73$
QYOU's last consolidation phase started around February 2nd and lasted until February 5th. (3days)
Another Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 7 200MA ascending 250RSI above 50 If confirmed: PT = 0.61$
Another Bullish Pennant, confirmed Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 7 200MA ascending 250RSI above 50 If confirmed: PT = 0.37$
Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 14 Cons: 200MA flat 250RSI below 50 If confirmed: PT = 0.19$