lowtrade

[lowtrade]

GOOD work

While STHG's over all pattern doesn't call for confidence. The things you note does signal another play developing.

That line you say needs breaking is just above the 61% FIBs line. and is the resistance line for an ascending triangle. The 3 days run you mention, should be kept in mind if trading. But the exhaustion candle spikes high have not been seen for reversal yet. All TA indicators signaling entry with support.

My eval would be, make it quick. There is an ascending triangle along with what you noticed, .014 target. This would take price above the 38% FIBs line. Thus being unusual for a pump & dump pattern. Unusually stocks which break out from below 61%, only make it to 50% not above 38%. Oh also there are gaps which will be filled, if it makes it to .014!

Add the plus & minuses;
Plus
Indicators call for entry, with support.
Positive chart pattern calling for .014 target
Gaps needing fill above 50% FIBs, to help.
Minus
Pump & dump over all pattern, starting from below 61%
Run is in day 3 of an average 3 to 5 day run.

Success to all