ET for 01 March
1. R1 $8.30, R2 $8.95
2. S1 $6.62, S2 $6.20
Daily price actions are showing a correction from its last run from $6.62 to $8.30. The overall pattern attributes to wedge shape in which the support of $6.62 is being tested. Limit entry price between $6.80 - $7.50 would be reasonable with a price target of $8.30 or above (if the overall stock market does still hold its bullishness). No stop loss is suggested. Looking to buy more on dips should this happen. ET is ideal for long term play
2. S1 $6.62, S2 $6.20
Daily price actions are showing a correction from its last run from $6.62 to $8.30. The overall pattern attributes to wedge shape in which the support of $6.62 is being tested. Limit entry price between $6.80 - $7.50 would be reasonable with a price target of $8.30 or above (if the overall stock market does still hold its bullishness). No stop loss is suggested. Looking to buy more on dips should this happen. ET is ideal for long term play
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