Normal
I have been trading this although don't hold at the moment.My take is that it should head up to the first target at $0.175. This is the 1.618 projection of the first leg higher from December. There is also minor resistance in that area. The second target is the 50% retracement level of the prior leg down...some resistance there as well. There is also a "Rounding Bottom" pattern in place which recently triggered. Measured move aligns with the second target.
I have been trading this although don't hold at the moment.
My take is that it should head up to the first target at $0.175. This is the 1.618 projection of the first leg higher from December. There is also minor resistance in that area. The second target is the 50% retracement level of the prior leg down...some resistance there as well. There is also a "Rounding Bottom" pattern in place which recently triggered. Measured move aligns with the second target.
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