Just starting a charts thread for our stock. Currently very overlooked, and not many investors on this stock yet since the restructuring.
On the daily charts, looks like we are going to retest 2.4c by the end of the week, with a nice low volume pullback that occurred in the last 2 weeks flushing out the placement holders and retesting lows. Things to highlight on the daily chart:
- Increasing price accompanied by the higher volumes today indicate a strong push
- 5-day & 13-day MA cross on the chart, indicating the start of an uptrend
- MACD pointing up
- RSI pointing up
- No gaps
On the hourly chart, there was a nice re-test of the 2.0c mark, indicating 2.0c as the new support. Just need to smash 2.4c then we're looking at higher targets in the short-medium term.
Disclaimer: Not claiming to be a professional TA, just an investor using both FA and TA as part of my investing strategy.
All in my opinion, would love to hear other poster's views
