Broke a bull flag on the daily a few days ago, now forming a nice ascending triangle. No clear breakout price, but I'd say over 2.61 intraday on expanding volume or a close above 2.61 for a swing trade. Risk to 2.40 with a large gap to fill, but based on history, reward potential/price target up to 3.25
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Held trendline and got some good volume into close. Notice last 2 days on the last 2 5min. volume sticks, very similar, but increasing each day. May not mean much but interesting indeed.
Komentar:
Tightening. Staying in formation on less volume. RSI is clearly overbought but as long as this stays in formation, it can go. I wouldn't be surprised if it picks up volume in next few days, barring a huge pullback in the market.