The 6$ line is solid support gained from the monthly timeframe and the 12$ line is what i call soft resistance (a lot of activity here). What really is weird is how it closed on Friday. Check out the blue line, it was support and now is dead on resistance confirmed on Friday's close. Coincidence? Hmmmm. With all my oscillators pointing up and volume increasing i think it's primed for a hell of a break out. One can be conservative and straddle this but a big move is coming and my money's to the up side. 12$ within a month or 2. Let me know what y'all think :)
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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.