The blue triangle (lines W and X) forecasted a $2.50 cent move upward. Bottom of the current red rectangle (lines Y and Z) touched long term support line A (green). As the bollinger band squeezes, the rectangle forecasts a move of $1.90.
We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black)
If weakness ensures and the RSI breaks down below its trendline, we could see the 100 day MA (pink line), red line Y and green line A as strong support.
If we break through resistance, we could see $18 hit (kraken)
We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black)
If weakness ensures and the RSI breaks down below its trendline, we could see the 100 day MA (pink line), red line Y and green line A as strong support.
If we break through resistance, we could see $18 hit (kraken)