First of all, a typo mistake on the above post - it should read as 2.45 instead of 3.45 in pt.2. Hope I didn't raise too high an expectation.
Now time to have a relook at the chart after these few days of Super Run.....
1. To be fair before I make my opinion, I am only holding on to 20% of my original holding - sold 80% yesterday and today.
2. As per chart, it has hit the top of the green channel @ $2.45 region which happened to be a resistance region. ( the main reason I sell because of the top channel)
3. It does not mean it will not break out/up of this channel but it will be challenging.
4. In fact, I am expecting this stock to retrace in the coming day if it didn't break out/up of this channel.
5. If we clear away from $2.40 - $2.45 region, it will be the next support level for projection to the $2.70 region.
6. If it retrace, $2.40/$2.45 region will be our resistance. Next support will be $2.28 region.
7. I am waiting for $2.20 region for re-entry again if it allow me.
8. For those that are still in and trading, watch for the reversal candle and good luck.
9. To make my point of likely impending retracement, please see the chart below of the historical pattern.
Again, it just my simple analysis to share.
If you really like the chart analysis and benefited you, do give me a 'like'. So I know whether my chart is ok or need improvement.
Cheers to all
(20min delay)