Tuesday, November 09, 2021 9:32:37 AM
Quick Take Technical Analysis: CUBA Beverage Company
11/8/21, 1:19 PM
November 8, 2021 01:19 PM ET (BZ Newswire) -- Long Ideas
CUBA Beverage Company (OTC:CUBV) is up about 4,600% over the past 52-week period. The micro-penny stock has failed to develop any consistent uptrend or downtrend, however, and can have volatile price action.
CUBA has been holding above a lower ascending trendline since July 22. The stock has tested the trendline as support multiple times and has bounced and wicked from the level.
On Monday, CUBA looked to be printing a bearish gravestone doji with a long upper wick, which indicates lower prices may come on Tuesday. It will need to be seen whether the stock prints a higher low on the daily chart, which could then indicate an uptrend will begin.
CUBA has resistance above at $0.0219 and $0.024 and support below at $0.0195 and
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