/biz/ - Business & Finance

>>54773372
I don't like that gap in March, but as it's at the end of a downtrend it could be a breakaway gap signalling a reversal off the ~$6 support, so less need to worry about it getting filled, unless it's putting in a 123 reversal on the weekly in which case it might retest the downtrend around 5.5 before going back up

Currently sitting above 18 and 45dma but below 200 and 100, the 100 threatening to go beneath the 200. Bollinger bands are narrowing but I'm not sure if it's going to break up or down. It's tested the 200dma twice recently, with neither taking out the previous high in March.

I'm really not too confident one way or another on this one so I can't say much. I think it'll depend on how it handles that 200dma resistance. Personally I'd wait and see if it's successful on a third attempt to break the 200dma, it has some upward momentum so if it manages that it will also take out the March high and keep the 100 above the 200, bringing the other SMAs with it and it'll be in a good spot.