yousufj56

yousufj56

Tested multiple times, and always a bounce; even after a vicious sell off, it recovered at .36; Likely that this will test 36 cents again soon; wait for the bounce off and then buy in; be careful of the fake out.

yousufj56

Went up to fast, needs to get corrected; im thinking that it will go towards 2.15; at which point the chart will start to look more normal; beyond that, it will continue upwards;

yousufj56

Not a good buy before ER. If ER posts good numbers, then high chance of breaking out of this downward channel. It already has heavy support at around 13; which has been tested multiple times. However, if the ER misses, it'll start a new wave of selling. I would highly recommend waiting until ER is done before getting in on this. A lot of insiders sold recently....

yousufj56

More likely to go down from here; it could come up and test the top again; But will most likely still go down long term; If it manages to above the descending traingle, then we can see massive gains quickly

yousufj56

Ascending wedge on weekly; Symmetrical triangle on daily; Wait market to show its hands first before entering.

yousufj56 Updated 

To play this, i would wait for the price to break through the top pink line; in that case it could mean that its ready to start going up again to test 210ish.

yousufj56 Updated 

First of all, beware of a false breakout by sharks trying to get you to go long; Basically they make it look like its breaking out of the channel but then it retracts, falls into the channel and goes to the lower end of the channel; anyways, i'm looking for the breakout; im less risk averse, so i'll be willing to take the long after two days of it remainng...

yousufj56 Updated 

lower blue line has been support on multiple occasions; its the weekly chart support line; Overall, we're in a downward wedge; it is not being squeezed, so i do expect the price to continue to go down; but you can catch it going up first before it continues to move even lower; Price target for me is 14 But absolutely wait for the bounce first; even after the...

yousufj56 Updated 

Looks like it will go twards 336 and then start to climb up and continue making new highs; following the blue channel (which is weekly) I will look to get in if i see a bounce from 336. Otherwise if it breaks below that, it could be going even lower.

yousufj56 Updated 

Slow moving Google has confirmed a bounce at these levels; Will likely follow the trend and get a slow 7% increase in the coming weeks.

yousufj56 Updated 

Has no where to move but down.

yousufj56

Overall seems to be leaning towards a symetical triangle; BUT inside of it, there is a strongly downward sloping wedge; this wedge indicates a push upwards possible; i think it will bounce off high 39's (low 40s) and then keep going;

yousufj56

Im a little confused because usually head and shoulders this visible cause more damage than this; But there seems to be heavy support on the weekly chart at the low 20.XXs; My gut tells me there should be a bigger drop than that, but if we go simply by the chart, there should be a bounce at the blue line. If it does, crops below that blue line though, then...

yousufj56

The likelihood of this falling out of the triangle is high;

yousufj56

By no means has the sell off stopped; in the next few days, there should be another big drop; if we manage a move outside the blue resistance (top), then we will begin a new structure; however, it is likely that we will bounce straight down from it

yousufj56

On the weekly, this is a slight descending wedge; on the daily, it is more slanted of a wedge; these are both actually good signs that we probably through the worst of the downtrend It is close to the bounce or fail area though; so i personally expect this to bounce of the blue line (weekly charts support); if it goes below that, then the bottom red line should...

yousufj56

There should be a bounce on the red line (bottom); it would be a safe play to take this long after the bounce; but beware of it trying to enter the blue channel; that is why its better to wait for the bounce; once the bounce occurs, we could potentially take this up to 23 or 24

yousufj56

Its getting near a good support zone; however, its done a major fake out before, so this one is kind of a dangerous play; if you see the chart, it looked like it bounced off support and then tanked; but then again that could have been consolidation to create a bear flag; no bear flag this time; Wait for the the bounce to make sure that this is actually ready...