Chart, page-2

Hi team

New to TER, looking for a safe entry. Not trying to ruffle any feathers, just providing my perspective. Of course, I'm going to be more negatively biased while I'm looking for an entry. I'm not going to buy the break on FOMO because there's nowhere for a safe stop and I know how erratic these little stocks can be.

I really like this type of pattern, a multi-year basing pattern with a defined range. With the modest 61.8% retracement, I would expect a 100% extension to the 65-70c range before finding resistance.

50wma has just turned up and looks to cross over the 200wma in the near future

(I don't know what's up with the week in Nov 2017, I think it's an error in the data)



Love em or hate em, these stocks love to fill gaps. Often, major breakaway gaps won't get filled but gaps within a range more often are filled at some point. I wouldn't be surprised if we fill the 41c gap and find support in the defined support zone which is a confluence level of 50% retracement, a gap and natural resistance/support from May.

The chart looks very bullish and there's every chance it'll just keep pushing up on the breakout. I would rather sit on the sideline and watch you guys make money than risk an entry at this level.




I would assign a slightly higher probability of a deeper pullback as opposed to continuation based on the characteristics of the bars proceeding the 53c high on Monday.