Chart Technicals
Last updated
Last updated
Take a look at the 5Y, 1D, and 4H charts overlay below. 👇
5 YEAR technical analysis - Trading at near historic all time lows, under the established middle trend line. It is worth noting that we're seeing significant compression on the monthly bars. This is generally an indicator of bottom formation. .57 will mark middle resistance, a return and the possible breakout of the mentioned .57 zone is plausible given the monthly trend outlook. At these level, historically, we've seen a bounce twice to over $1.50 a share.
1 DAY technical analysis - On the daily chart, a trip and sustained hold above .20 is expected in the short term. We're very much sitting in the demand zone here. As mentioned prior, due to the thin trading nature of this ticker, flash moves towards upper resistence around .25 could present with minimal volume flow.
4 HOUR technical analysis - Similar to the 1D analysis, price action continues to reject lower resistance. We're finally seeing a curling pattern form. Watch for the reversal and hugging of upper resistance on the 4H chart to mark a possible long term upwards trend.
