RE:RE:finished 8.03 I posted at 11:22 am a chart i made (right click and copy paste the chart in address bar) showing the support line on the graph. The downtrend channel that we broke, and the uptrend channel that we are heading into. Very similar approach to the breakout we had 2 weeks ago when we went from 7.75 to 9.04.
But a lot of people are lazy so i'll repost it what i wrote with the image.
Prev closes:
7.65
8.09
7.88
7.95
8.02
today possibly 8.08 (update: it closed 8.03 - not far off)
One thing this chart is indicating is that we will have a breakout soon. Based on the previous closes, its indicating that's starting to pick up. Moving average and buying volume is also starting to pick up. We also started to break a few resistances: at 7.95-8.00 and hitting 8.20 a few times now. Next tough wall to break is 8.25-8.30 (which we are facing right now). It's similar to the one we faced 2 weeks ago when i said we need to break the 8.30 mark and we did.
I'm saying a breakout will happen soon because it seems we hit a consolidation period for the past 3 days (update: and now today) where we stayed around the same price range. So expect it in the coming week. My suggestion is Buy. I bought in at 7.37, 8.08, 7.73, 7,89 and recently 8.00 (update: i averaged down from 10).