~ SUTI ~ Just wanted to highlight a few observations I've noticed based on the chart alone.
Here is a chart of SUTI ~ What I see seems to be the same as the Elliott Wave principle described. SUTI was in a downtrend until reaching bottom. Traded sideways for awhile before the initial pop off no-bid. Then it pulled back, but has since regained strength and has pulled out of the downtrend with multiple closes at .0004
If I'm looking at this correctly, when SUTI found support at the .0002-3 range, that would have been an accumulation phase. Breaking out of that range seems to imply that now that it is beginning a
It's going to take a close above .0005 to confirm this on the chart, but it currently looks like its setting up quite nicely. If your on the sidelines considering SUTI, I'd strongly consider taking a position at this level.
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