U could poss argue a near term ascending triangle (if u draw a line across top of recent couple weeks bars & use my bottom trend line) but with a testing / failed break on vol (spike) & now retest of lower TL EMA bands support. Needs hold.
This could support mkt hedging something reasonable in the qtrly and looking for that to create a BO.
On heiken ashi candles can see the last doji showing the price pushed up & down but settling nearer middle reflecting a balance between bears bulls or essentially mkt indecision. Can also be manipulation by bigger players creating some vol / interest and selling into or even buying in little lower...been seen to be done recently.
On a std bar chart the last bar does show some weakness imo as opened high and closed on low. My other indicators do show some underlying bullishness in the lead up to the qtrly but again, of a weaker (ot hesitant) nature atm. Next couple days trading give better insight as to whether recent vol aberration is supported.
GL
IAM Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
