Double bottom forming if the SP can close between .050 and .053 then reverse to up-trend.
If there is an up-trend from .050 -.053 then we can expect a decent run up.
Up-trending on the weekly pretty nicely, sitting on solid horizontal and diagonal support which equals a tight SL.
Looking for entry around .03/.031 for a good entry point.
Fell through support due to weak market conditions. Looking for an entry if support holds.
- Preferred entry .026 with a SL at .024 for a 8% risk.
- Exit at .040 if it doesn't break resistance for a 55% move.
- Nice solid break of resistance (however, a two candle break would be more confirmation).
- If can grab an entry at .125, a SL at .115 is low risk.
- If entered I cant really see the next solid resistance so it would be a momentum trade (increase the SL higher and higher until a change of trend direction).
- Positive market reaction to the annual report.
- Good...