spotted a flag pattern that tried to break out and looking to retest that break out. Although the macd, rsi, and volume are looking a little bearish, its my opinion that volume will pick up in time for the break out to reach 30+.
Take the chart as you will. The recent decrease in volume can be tied to the ever decreasing share price. The resistance cloud has kept us down and the recent crossing of lines as well entails more down time. The support levels have been noted by the fib retracement as well as resistance levels by the fib. If the Market decides to follow the diagonal line I placed...
amateur analyst, after finding the highs and lows and how they make up for the newer high and higher lows, based on the long body bearish ticker towards the end of the trading session and how it completely overtakes the bullish candles before it, it seems most likely this stock is entering a bearish position for the rest of this week.
With the current $PT at 15, the market is showing signs of wanting to move higher. The purple box is in my opinion where most of the market is rejecting the lower prices. with support roughly at 8.43~ though and resistance at around 9.88~ based on Fibonacci. Expect higher moves.
Amateur analyst, based on my research ive found that 4 dollars was the current highest price target. The fibonocci in place shows that even at its highest it was not able to pass the 61% mark signaling a strong rally. now for the next couple days, ill try and stay focused on the price movement and see if any price rejections happen on the purple square. if it ends...
Amateur analysis but I've managed to tag the general trend of this chart (higher highs, lower lows etc.) and the potential upside. With the recent offering of OEG that did close just recently, I do expect the price to rise, but seeing how we ended the day with a bearish (shooting star pattern?) I do expect the price to reach its labeled support line by next...
Looks like CTRM formed a bearish descending triangle pattern, but if it does breakthrough support at @~.1698 we can expect its movement to hit the trendline moving up or it might breakout soon from its current position.
might test 94 a bit longer before lowering back to the trendline but based off the bollinger widening and personal macd settings we can begin to see a fresh cross-over and experience higher highs hopefully by the end of this week. Moving average ill keep a look out on it as itll be a good sign if it passes resistance.
