Each candle on the above chart represents 6-months of price action. You can be sure not many people are studying this time frame.
A new candle was printed at the close of 2020 following an astonishing 80% correction since mid-2014. We can see previous price action resistance from dot.com bubble is now winning strong support during the ‘everything bubble’ resulting in the printing of a Dragonfly DOJI candle. Cleary buyers were keen to get exposure to this oversold stock.
An ‘incredible buy’ opportunity is now indicated on the 10-day chart below following an oversold condition (orange column). Price action currently finds support in the bullish half of the Bollinger Band as volume increases.
A buy from 66-100p is amazing if you can get it.
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Disappointing news for the bears among us I'm afraid, 22% return under 40 days.
The DOJI on the top chart was recently confirmed. We can now start looking at targets.
1st target: 206p
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40% return in only 200 days. Not bad. That will become 100% if you’re patient.
From the 10-day chart below price action has broken out of a symmetrical triangle formation, confirmed support, and now has a new target of 190.
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Price action breaks through local resistance. A move to next target is highly probable. No I don't know when.
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A higher low prints on the golden pocket following a strong buy signal. Stay long..
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125% return so far, which is not bad considering the last two years.
Currently price action is overbought however there is no requirement for any action. Upwards and onwards.
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200%, best performance since 2009.
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An astonishing 400% return since publication in early 2021. Time to collect the winnings and exit, for something most unfortunate is about to happen to this business.
Allow 3-6 months on ideas. Not investment advice. DYOR
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