Verde breakout pattern?? So we had a 10 week consolidation bull flag / wedge pattern. We just broke above the January 1.35 ID high(pattern high) The flag pattern tested the 50ma numerous times but never broke it. If we can hold the $1.38-$1.40 this is a nice breakout pattern.
Now I know small illiquid stocks don't always play by TA rules, but it is a great looking chart nonetheless. Would like to ideally see more volume for confirmation of this continuation pattern. There is very little reistance before $1.75-$2.00. After that watch out:) .
Shareholders of Verde seem to have "diamond hands" as any buying move the stock nicely and any selling gets absorbed. Good luck to all. Should interesting leading up earnings.