@Youngvester77 SLZ 23.5 weekly chart has a 13 black ema because the 8 ema was not organising price as well. It shows a price target around 27 cents.
SLZ 23.5 daily chart shows price is very high up on the supply demand curve. The time to really buy these was when they were about 5 cents and trade them up to these near supply levels. What traders aim for is to buy at wholesale prices (demand) and sell at retail prices (Supply) with the difference between the demand and supply levels being the profit margin. At these levels the profit margin is getting thinner
This is where you would ideally trade SLZ to maximize your rewards and minimize risk. The quality demand levels are at the bottom of the chart and the quality supply level where we should aim to sell or take profit are the supply levels high up on the chart.
SLZ 23.5 usually when they first get above the 50sma and begin to get candles breaking higher than previous highs is the ones to watch out for.
