AI
Tuesday, June 25, 2019 3:24:37 PM
Yeah, 1.10 is interesting...the steep uptrend ending just under 1.10 is touching all the tails from May 31 and June 14. Pullbacks on June 14 and June 21 are keeping the short term uptrend. Decent confirmation for that 1.10 support call (albeit steep, short-term uptrend support).
Interesting that the not-as-steep uptrend drawn starting with May 9 to May 31 extends support to the .80 level which was a real nice consolidation level and breakout on June 10.
With that I would say you have “the whole number” of 1.00000000 as support (we traded down to 1.01 if I recall the low a couple days ago) and also support at .80 (we traded down to .85)
Notwithstanding the low volume and itchy-need for a little patience for a move, stock looks healthy!! Notice the volume since the week of June 10. We need to see some volume days approaching the 200K mark.
I’m loving the lines and will keep drawing the lines.
The lines are working….until they don’t!!!!! LOL!!!
Interesting that the not-as-steep uptrend drawn starting with May 9 to May 31 extends support to the .80 level which was a real nice consolidation level and breakout on June 10.
With that I would say you have “the whole number” of 1.00000000 as support (we traded down to 1.01 if I recall the low a couple days ago) and also support at .80 (we traded down to .85)
Notwithstanding the low volume and itchy-need for a little patience for a move, stock looks healthy!! Notice the volume since the week of June 10. We need to see some volume days approaching the 200K mark.
I’m loving the lines and will keep drawing the lines.
The lines are working….until they don’t!!!!! LOL!!!
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