Daily candles are not signalling a bearish move, otherwise we would've seen three black crows, H&S, engulfing bearish candle etc. Nothing like that on the hourly, 4H, daily, weekly or monthly (yet). I see a clear path ahead for consolidation and ranging between $3.25 and $3.50 until the end of month (Nov) before the next leg up. I think we will likely see a three drives pattern until we touch the lower side of this upward channel. Great buying opportunity. Which is exactly what we saw at the end of day/week auction pushing the closing price up by 4 cents with over 2m in volume.
Current support is with the 20EMA is about $3.13 and previous high of $3.26. 20MA will get closer to the $3.25 - $3.26 mark next week hopefully.
Anyway that's what I see from here.
ZIP Price at posting:
$3.36 Sentiment: Hold Disclosure: Held
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