STTCOMP RSH, TA Long
Respiri
Last: $0.060
Market Cap: $26m
Daily chart shows a break out of a consolidation (symmetric triangle/pennant) with strong volume early last week, and continuing through Friday. Price action was part of a longer-term widening channel which indicates selling weakness and favours a move to the upside. Depth shows some FOMO and decent sized bids chasing.
Weekly chart shows an inverted Head & Shoulders reversal pattern or Cup & Handle patter with a nice choppy shoulder/handle with plenty of volume during this period. Although entry is still early in the move, a break of the neckline at 7.5c could see over 10c as the first target.
