This chart, or Stock rather, isn't something I've been watching, nor have heard about. However, given recent happenings, this one stock caught my attention.
I looked on the higher timeframes about the overall picture. Then later moved down to the 1hr timeframe you see now. If you notice, it's cleaned up more than some others I've posted, but everything has a meaning.
Looking back, we see a struggle to break below that dotted trendline, and support was there. Later we see some resistance to the right, near the two rectangular boxes, and what seems to be a reverse of what we initially saw.
Based on my quick markup I would expect some decline. What do you think about this idea? Leave a comment about why you disagree or agree with certain aspects of this idea! Have a great day/night.
I looked on the higher timeframes about the overall picture. Then later moved down to the 1hr timeframe you see now. If you notice, it's cleaned up more than some others I've posted, but everything has a meaning.
Looking back, we see a struggle to break below that dotted trendline, and support was there. Later we see some resistance to the right, near the two rectangular boxes, and what seems to be a reverse of what we initially saw.
Based on my quick markup I would expect some decline. What do you think about this idea? Leave a comment about why you disagree or agree with certain aspects of this idea! Have a great day/night.
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