Ok chartists, I'm a dabbler here so would love your feedback on the chart below. My thoughts:
- Check out the pattern on the bullish flag. It's virtually identical to the last bullish flag which followed the predicted pattern to a tea (ie. it jumped up exactly the length of the previous flag pole from the base of the flag to a new high of 13c).
- If this was to follow the same pattern it would reach 16.5c.
- Now look at the volume pattern - also virtually identical (ie. 2 very high days, 2 lower, a few medium, then low and slowly increasing for a few days).
- If this pattern holds exactly then it should be lower volume tomorrow then the spike should occur the day after.
- Awesome Oscillator has just turned up green again which last time occurred 3 days before the spike.
- MACD just crossing back over, next day or 2 will indicate if it goes higher or lower.
All in all, IMO, it feels like this flag is moving faster than the last. I'm hoping for a jump up in the next 2-3 days.
4DS Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
