Post by
1condor on Jul 31, 2022 10:36am
The 7.50 resistance
7.50 is going to be tough egg to crack. It has tried three times since May with no success.
Comment by
joebravo on Aug 02, 2022 9:01am
I'm not worried about Bragg breaking above $7.50, it should eventually bread it. My concern is more with the gap up at $6.00 and $6.01. It's just a small gap, but seeing the way this stock gets beaten down on 100 share increments, I'm wondering if it will get filled. If it does, it needs to do so prior to the promo beginning later this month so it will be clear skies ahead.
Comment by
joebravo on Aug 02, 2022 9:53am
Forget that theory, lol. Looks like the gap at $6.00 is a runaway gap and will not get filled. So much for $7.50 as well. The price is riding the upper band of the Bollinger Band nicely and is looking to bust loose. Nice bullish move and bullish continuation pattern.
Comment by
1condor on Aug 02, 2022 1:11pm
joebravo...if 7.50 resistance gets taken out then the stock has a nice runway to 9.00 to 9.50. It going to be interesting to see how this evolves.
Comment by
1condor on Aug 03, 2022 1:28pm
Looking good so far today as stock has blown past 7.50 (lets see if can keep going)...if so, 9 to 9.50 is next.