Home > Boards > Free Zone > User's Groups > 123Tom's TA study group.

Can it bust through $3? It

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Citrati Member Profile
 
Followed By 312
Posts 15,200
Boards Moderated 0
Alias Born 01/02/10
160x600 placeholder
Citrati   Sunday, 06/27/21 01:50:31 PM
Re: Phoenix300 post# 10429
Post # of 10782 
Can it bust through $3? It seems you have a time horizon of July 25th. Answer, it all depends on news and the strength of anticipation prior to that date as well. Short answer is yes it could, but there are obstacles. Looking at the chart I am concluding you chose $3 because of the Feb 2021 high at 2.99.

Green Trades to you.

This chart gives you what long term resistance must be broken to test/break the $3 level.
1. Long term down trend line.
2. 2.50 is the top of strongest VbP resistance bar/zone.
3. 2.32 is the down trending 100ma.

Looking at the volume there is 10months of accumulation. IMO a very positive sign.
The green triangle shows good promise.

PS: I am not disagreeing with Tom's technical assessment. Just pointing out some inflection points.



Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences