As always recognize that I know nothing about charting, my ta is superficial at best and no investment strategy should be based on my thoughts.
That said....U looks like a nice slow ride with a tornado inside it waiting to be released. I'm buying under the blue bar, watching if it breaks the trend. My stop is tight so if if breaks from the channel I'm out. If it completes the flag support will be solid and I anticipate a leg up from there into the $16 range.
That said....U looks like a nice slow ride with a tornado inside it waiting to be released. I'm buying under the blue bar, watching if it breaks the trend. My stop is tight so if if breaks from the channel I'm out. If it completes the flag support will be solid and I anticipate a leg up from there into the $16 range.
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not sure what happened to the chart there...the blue bar should be running just above the dips. Oh well...like I said I don't know charting but it's supposed to be a trend line