Pls on the daily logarithmic time frame has formed a nice channel.
You can see from the start of 2020 run up the price found resistance at the mid line then to break out to form the top of the channel.
Price found major resistance at the top of the channel testing it 3 times.
Price falling back to the mid line found support. on the retest falling under to then retest to the up side but getting rejected on the day of the Goldman Sachs report.... Zoom in and you can see a big red candle...
Price then fell to find support on the bottom of the channel which was the low at $2.
Zoomed in to where we are now we have found resistance back around the mid line.
You may aslo note that we are currently trending against the black line which has been acting as support over the last few months.
Looks like price wants to retest this trend and if it decides to continue we could see price move towards the upper channel close to $10 to $14 per share.
Logarithmic charts work best on exponential trends and the industry is experiencing exponential growth...
Gltah cheers
PLS chart, page-8416
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