CUSCAPI will rebound starting as wave 3

Historical Movement


The stock saw a major peak around 0.370 (marked at 3.618 level)
Experienced a significant downtrend from June to September 2024
Currently showing potential consolidation and base formation

Key Technical Levels:

Resistance Levels:


Major resistance at 0.275 (marked in red)
Secondary resistance at 0.245
Currently testing intermediate resistance around 0.225-0.230


Support Levels:


Strong support at 0.180
Immediate support trend line (green) acting as dynamic support
Price has formed a higher low pattern recently

Technical Indicators:

Moving Averages:


Multiple MAs show potential crossover points
Price is currently testing the shorter-term MAs from below
The longer-term MA (likely 200-day) is still trending downward


Volume Analysis:


Recent volume spike shows increasing interest
Volume generally higher during downtrends
Current consolidation showing reduced volume, typical of base formation

Trading Setup (Current):

Risk Management:


Stop Loss: 0.040 (17.02% risk)
Target: 0.085 (36.17% potential reward)
Risk/Reward ratio: 2.13 (favorable)


Chart Pattern:


Appears to be forming a potential inverse head and shoulders pattern
Neckline resistance around 0.225-0.230
Volume pattern supporting the potential reversal setup

Market Structure:

Shows signs of transitioning from downtrend to potential bottoming phase
Multiple support levels being established
Fibonacci retracement levels marking key resistance zones