We did almost 20% from last weeks low to this weeks high. Nothing major yet. Pull back with low volume doesnt mean theres a reversal which is from bullish to bearish. It's just lack of buyer atm. Until we drop under $2, nothing really matters. There are 3 scenarios for now.
1. Drop then Hold around $2.20, RSI cool off. Buyers coming back then we off again
2. Buyers coming back late today, create a hammer, trend continues
3.Fall below $2 and find it difficult to get above it.
sp very likely to touch sma 20 which is around our support level $2.20. As long as we stay above it, trend continues...
Add to My Watchlist
What is My Watchlist?
