When analyzing the stock’s performance six weeks ago we assumed that the stock would try to close the gap at USD 17. For a little while the stock’s upside stalled, but was not halted. During this period the stock price formed a triangle, which is a pattern of continued movement. The RSI chart is showing a rising trend, the range of fluctuations is narrowing so in the next few days we can expect a sharp move, most likely to the upside.
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My forecast participates in the Market Forecaster contest. Follow the link to vote for it and help me win the top prize. Thank you.