This price action is called a “cool-down consolidation after a spike.” The stock is resting, deciding its next move.
📌
Short-Term Prediction (Next Move Likely)
Because the stock held above $1.00 support and is not breaking down, the chart favors a potential upside continuation, IF it gets volume.
Bullish Scenario (More likely if volume returns):
- Entry confirmation: Break above $1.10 with green volume
- Target 1: $1.20
- Target 2: $1.28–$1.32
- Target 3 (if momentum is strong): $1.50
Bearish Scenario (If support fails):
- Warning sign: Break below $1.00
- If it drops below $0.98 with volume, the price may pull back toward:
- First support: $0.92–$0.95
- Second support: $0.85–$0.88
📌
Key Level to Watch
- Support: $1.00 – $1.02 (must hold for breakout continuation)
- Resistance: $1.10 → $1.20 (needs volume to break)
Since Bollinger Bands are tightening, a breakout move should happen soon — usually within a few candles on a 5-min chart.
📌
Smart Play (Day Trader Style)
If you are trading this short-term:
✅ Bullish plan: Wait for $1.10 breakout with strong volume, then ride it to $1.20–$1.30
❌ Do NOT chase red candles
✅ Cut loss fast if price breaks under $0.98 with volume
📌
Final Summary
Right now, the stock is neutral-to-bullish, cooling down after a big run. If volume comes back, the chart favors another upward push, especially if it clears $1.10. If it loses $1.00, momentum is gone and it dips.

No comments:
Post a Comment