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Wednesday, January 03, 2024 8:14:51 PM
There is an upward channel forming which IMO should be the next trading range through the month of January. As long as volume stays up, I think this will continue. The flag indicates the range of consolidation within the channel. The pending Q on or around January 15 may play a part in which direction this will go. If no more PRs are released, this is where I expect it to hit the baseline of the channel again around .0031. If the Q is favorable then it should bounce back up. If not, then the baseline will have to be reset.
But understand, charting is not an exact science nor does it indicate the true direction of stock price movement. It is only an indicator of where it *could* move in the future.
An investment in knowledge pays the best interest. ~ Benjamin Franklin
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