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TripTrap

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TripTrap

Re: AgeOfReason post# 11857

Thursday, 01/28/2021 8:08:10 AM

Thursday, January 28, 2021 8:08:10 AM

Post# of 37836
Yes sir...one thing I forgot to mention about was not only was it a perfect 50% Fib retracement yesterday, it also bounced right off the weekly 250 EMA. Perfect confluence from two completely different indicators...just what you want to see.

Essentially what we did yesterday from a TA point of view was go down and test the massive breakout point from the week before. As long as we hold yesterday's low we will consolidate (maybe an inside day today) and build price structure leading up into another new set of highs. Hopefully the catalyst is news soon of an up-listing. For now though we just have to be patient and let it play out.

"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -

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