Yes that is True, the stock may hit 0.0043-0.0042 on this bounce and then pullback to 0.0038-0.0039 and then breakout to 0.007-0.008
This is often consolidation pattern on low volume before stock breaks out to new high if the trend is up
The stock may have hit temp bottom at 0.003, if it rallies to 0.0042-0.0043, that's confirmation of pattern
I follow multiple stocks for chart patterns. This one fits the bill of symmetrical triangle
The high was 0.006, then pulled back to 0.0024,
then rally to 0.0047, now pulled back yesterday to 0.0029
It must HIT 0.0042-0.0043 - The high will be lower than 0.0047
then pullback to 0.0038-0.0039
After breakout it needs to double from BREAKOUT point
That's 0.0039-0.004
That means target price is 0.008
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