POWW - Breakout. Uptrend confirmed.
Key Levels:
Key Level of 5
- If key level can hold support i'm looking for next resistance targets at 5.5 then 6
- If key level cannot hold support my next bounce area is the daily 200ema at 4.9
- Stock breakout out of major resistance at 5 today.
- Look for more upside into resistance then a possible short scalp or short swing to retest 5.
- If we get a retest of 5 tomorrow we can bounce nice if market conditions are favorable.
Key Level of 5
- If key level can hold support i'm looking for next resistance targets at 5.5 then 6
- If key level cannot hold support my next bounce area is the daily 200ema at 4.9
- Stock breakout out of major resistance at 5 today.
- Look for more upside into resistance then a possible short scalp or short swing to retest 5.
- If we get a retest of 5 tomorrow we can bounce nice if market conditions are favorable.
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