Everything hinges on price above $0.31 cents! Below that price, and it would be a casual drop to the backtest trend line. Above $0.31, and there are a couple of option areas that would serve as resistance.
I call this the shakeout, or false start, since it tends to catch some off guard!
Just a heads up! Again, $0.31 is the key (imo)!
Cheers!
I call this the shakeout, or false start, since it tends to catch some off guard!
Just a heads up! Again, $0.31 is the key (imo)!
Cheers!
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