WM - Maps To Greener Tendies
Price action has spent months forming a solid bottom and looks to be making the first moves of a breakout.
The Chikou span is up crossing price action, which generally precedes a breakout.
Senkou span is acting as support, aligned with our first support zone.
I would expect the price action to retest and possibly even break down under the first supply zone.
However, I do not see the case for price action retesting it's bottom unless new information came to light that would have material effects on the company going forward.
This is only a price analysis, and as always, Trade Safe!
The Chikou span is up crossing price action, which generally precedes a breakout.
Senkou span is acting as support, aligned with our first support zone.
I would expect the price action to retest and possibly even break down under the first supply zone.
However, I do not see the case for price action retesting it's bottom unless new information came to light that would have material effects on the company going forward.
This is only a price analysis, and as always, Trade Safe!
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