weekend charting oct 15217, page-63

  1. 2,397 Posts.
    MHM

    What a huge move! Puts indicators out of the equation as they all tell you overbought.
    So we look for a trendline. There's one there in bold blue - that'll be the KEY support line. 61.8% and 38.2% lines look to be the better of the supports should it break down.
    There is a pennant that's formed which is usually a continuation pattern - should break up but doesn't have to. Best to wait and see now.
    Lastly, fibonacci projections to look for future targets if/when it makes a new high.

    A five bagger already. TA says hold. I know FA about FA.



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.