Hi everyone happy weekend Last week was designed to take shares...

Hi everyone happy weekend

Last week was designed to take shares cheap. before a rally. I hope no one fell for it as these are the lows and should find nice support here. you can see in last weeks price action and closes that told a story that this is more bullish then bearish believe it or not because smart money buys when price is low not high. Not smart to buy high and sell low right? so it's in reverse when it appears like a blood bath and no upside interest it means they are in there eating their hearts out. But we are wired to think this is negative and the share price will keep going down thats what they want us to think but it' always in reverse with the instos. They want to buy them off us when they are cheap and sell them to us when they are overbought. Anyway we will know the true intent of this weeks price action next week. If trade stays above 3.40 it just reveals what they were upto.

My plans is as per follows

3.40 for new support (bottom of ascending channel) (if 3.40 fails stop loss at 3.35 -3.36 incase of shake out.) If price stays BELOW 3.40 its not healthy. it means it has broken the potential ascending channel.

Given the bottom is in at 3.40

First area of supply $4

second supply $4.30 (topside of the channel)