Price action will really start to heat up once this previous volume zone is cleared as there is no genuine resistance above this level. Possibly some trapped buyers still in the stock from the first 3 days post IPO.
A close above the 20c mark is key.
Indicators on the daily are starting to look extended in the short term here, however the largest moves can often take hold during this scenario. Will be looking to add a few more at the 18c support mark if it gives me that opportunity.
Plenty of room to run on the weekly - medium term setup until the RSI shows any signs over being over bought.
HIQ Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
