IPOD is having a momentum. We don't even know who we are merging yet with but all Spacs are now a sure win if we wait patiently.
Each time it corrected was oversold as you seen in the image. First time it corrected till the 20 day moving average, second time it corrected more so the move back up will be more. It formed a clear support and has rebound. If it manages to go back inside the channel than we might touch the upper resistance and correct again.
If correction will stay within the channel when that happens it will be very bullish and may break the resistance.
Each time it corrected was oversold as you seen in the image. First time it corrected till the 20 day moving average, second time it corrected more so the move back up will be more. It formed a clear support and has rebound. If it manages to go back inside the channel than we might touch the upper resistance and correct again.
If correction will stay within the channel when that happens it will be very bullish and may break the resistance.