Forwardly Inc (FORW)

[ASP401]

A symmetrical triangle pattern is developing on the chart with convergence apex at 0.011. If this results in breakout in continuation trend, then it will happen within next 1 or 2 weeks. In such a scenario, the breakout price will be close to 0.018 - 0.019 for now. That would be 1st target. The pattern has been supported by dwindling in volume as the triangular width narrows (This is the calm before the storm in technical lingo!)

25% of symmetrical patterns result in reversal of trend. But in this case, it seems reasonably unlikely.

It is time to move on to the next level of sustained support - after 0.006 and 0.012, next would be 0.018 (see my previous posts). The symmetrical breakout price (assuming continuation trend) should soon become this resistance & eventually, the sustained support level.

All IMHO.