Notwithstanding the level has been tested, but have to wait for a buy signal (long position)
In monthly time frame the trend looks promising with a bullish pin bar formed and spotted. A long time investment will surely pay the holding time.
once the price breaks the neck of the double bottom, high potential for it to be uptrending
Price Action Manipulation.. reversal pattern. Medium term holding. Gap will surely be filled.
George Soros bought this in March. Trendline resistance has broken- rocketed and now retracing back to the previous resistance as a new support. Been testing the new support. and Fibo level is 0.618 - a great level. Worth to invest in it.
current price is testing the resistance. note the PSAR. will there be a rejection. i think so.
the chart proves that everytime higher highs broken, the price will retest it as support and fly back. note the pull back
quite good fundamentally. the price action is now testing the fibo level. the 3 main significant levels have been shown on the chart. i will only LONG when it tested the level, and confirmed by the bullish Heikin Ashi and PSAR.
is it a reversal of trend. If one looks at the monthly chart, bullish sentiment is intact and so is weekly chart. mind the level of supports and resistances (trenline, fibo level) as indicated on the chart. Heikin Ashi on monthly chart is nice too. Worth investing as the fundamental aspect of this stock is quite impressive. worth every penny i suppose.
u can see the from this monthly chart - the price piercing thru the pennant and fly. pennant is one of a great chart pattern that one must be interested of. the price will surely ink higher highs...
as u can see.. the price pulled back to the very significant level 0.618 FIBO and bounced back. Now testing the resistance. It might succeed to break the resistance.. or will pull back to the trendline support before hiking up again. Overall.. from a bigger frame u can also spot inverted H&S forming.
the price is now pulling back. mind the fibo level if you wish to enter. I myself will wait at 0.5 / 0.618 fibo level . a great company worth investing
the price is testing Fibo 0.618 level. Very strong level for Fibo retracement. Am waiting for the trendline resistance to be broken.