Daily chart,
the stock
NEDA formed a pennant chart pattern and is forming another smaller pattern.
I am expecting some minor correction and consolidation around 3.10
Then, a bullish movement towards the resistance line R, at around 3.64 - 3.67
Stabilizing for 2 days above 3.70, will push the price to the next target 4.25
Note the resistance levels at 3.27, 3.44 , 3.56
(Closing below 3.10 for 2 days should be considered a near stop loss level)
the stock
NEDA formed a pennant chart pattern and is forming another smaller pattern. I am expecting some minor correction and consolidation around 3.10
Then, a bullish movement towards the resistance line R, at around 3.64 - 3.67
Stabilizing for 2 days above 3.70, will push the price to the next target 4.25
Note the resistance levels at 3.27, 3.44 , 3.56
(Closing below 3.10 for 2 days should be considered a near stop loss level)
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