Resistance: $5.08, $5.30
Support: Lower blue trendline, $4.86
Comment: There is a good chance for it to break above $5.08 to create a double bottom formation. Today, it closed above the 20dMA, together with the lower blue trendline to form its immediate support. The immediate upside target is $5.30 (the double bottom formation target).
7 comments
I think this means consolidation, and next step would be up!
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