Following the breakout on news today I will be watching for a gap up or strong open that breaks the previous resistance level of 7.91 and through 8.00. This is provided that it holds above 8.00( I would like to see a break and retest of 8.00 ideally due to shorts targeting the stock for an over and under 8.00 or any strong opening move)
If we squeeze shorts and hold above 8.00; this should signal continuation and a gap fill towards target area of 9.61.
As always use technical signals for entry.
Good luck!
If we squeeze shorts and hold above 8.00; this should signal continuation and a gap fill towards target area of 9.61.
As always use technical signals for entry.
Good luck!