Trendline acted as Support and Resistance since December 2019
The lower trendline has acted as a major support and also resistance since December 2019. It took us 399 days to get from the COVID-19 low to $1.96 which is the same measured move as we had from April to May 2017 or 42 days.
Now it seems like we're following a similar triangle pattern that comes to a point mid July 2022. We could definitely see a breakout to the upside before then but I think there is more consolidation and boringness to grind though beforehand.
Don't be shocked by bad news on the horizon before any real solid positive news.
Now it seems like we're following a similar triangle pattern that comes to a point mid July 2022. We could definitely see a breakout to the upside before then but I think there is more consolidation and boringness to grind though beforehand.
Don't be shocked by bad news on the horizon before any real solid positive news.