Can AANKR go higher? It has been in a lengthy consolidation period, and is smack in the middle of it.
Markets do this when they become 'too efficient' meaning they are transacting buys and sells at essentially the same price. When this happens, one side eventually drops out and price explodes to the side of the winner. Buyer accumulation has been present throughout the entire consolidation. This is what we call a bullish base. Most likely the breakout will be to the upside, I don't see how it could possibly break down in the current environment.
I won't be missing it.
Markets do this when they become 'too efficient' meaning they are transacting buys and sells at essentially the same price. When this happens, one side eventually drops out and price explodes to the side of the winner. Buyer accumulation has been present throughout the entire consolidation. This is what we call a bullish base. Most likely the breakout will be to the upside, I don't see how it could possibly break down in the current environment.
I won't be missing it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.