Hello everyone, in order not to modify the graph as it will help us in the event of an upward movement, I comment on my thoughts.
Currently I use a 4H graph since we have the value very compressed and it gives me more precision.
- My graph of 4H indicates a close flag until September 20. I believe that this movement will be with a any important new in approval form or declaration. Hope positive new!
- To entry in our Bullish channel (our red lines) we need to go up about $9.3 with some approval this value can be laughable. ;)
- With some approval I think that the value will reach 1st $10.5$, $13 and finally our expected $18
- In case of approval, it is very difficult to say where it will take us. Surely those who go long can get much more benefit. We will analyze it when the time comes.
- Everything indicates that the value has to go up, every time we have higher lows, and lower volume but we must be aware that a non-approval can lead us to the ditch.
- Information for Stop Loss -
For those who want to put Stop Loss (personally I am not in favor) but the next week is very dangerous.
I get the feeling that they want to make the MA20 and MA50 go to bounce to the MA200. To achieve that they may drop the stock below $7.
Just keep an eye on that, as they could create panic to only reach the MA200 touch it and pull up.
To achieve this move they may take the stock down to $6.8