Replies to post #13279 on Simply Inc. (SIMPQ)

[mdimport]

The key with all good charts is nice solid build-ups into, and tests of, the key moving averages.

Once $0.58 is breached, then see a close of $0.64, then the following day a close of $0.58 so the chart shows a test of the 200DMA, etc.

If one studies the $IFON chart for long enough, one can begin to understand what I'm visualizing.

Right now for example, a close of $0.55 shows $IFON breaching a near-term resistance point of $0.54. That turns $0.54 from resistance into support from a chart perspective. Same will happen at $0.58.