If you've followed me for awhile, you know I rarely do ideas on this Mid/Low cap tech.. The reason is because they have High IV and are heavily shorted.
Even so , this looks like a good setup here.
We completed the Double top here at 67
The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so
We could push up to 76-80 max before chopping and round off the right shoulder for the drop to 51.
Even so , this looks like a good setup here.
We completed the Double top here at 67
The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so
We could push up to 76-80 max before chopping and round off the right shoulder for the drop to 51.
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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.