HI Guys,
I thought I'd present what I see - target $7.20 - $7.95 ish Based on:
1) History repeats itself
(Blue lines moving up). Same moves have been done many times over - target 7.20
2) Fib retracement from previous high pre pandemic to pandemic low - 50% retracement is around $7.19
3) Historical support line at $7.25 (
orange line)
4) The bigger move is the pattern going from $4.58 to 6.28 - once $6.28 broken - it doubles itself to $7.98 (Not so sure -- but it is likely (
Green vertical lines)
5) Golden Cross - 50day EMA crosses 200Day EMA on the weekly
(20min delay)